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South Asia Economics

TermDefinition
a sum of money given for designated period of time which must be repaid loan
a plan for spending and saving one’s income budget
financial obligations, such as bills expenses
an individual, bank, or company who loans money lender
money which one has on-hand that can be freely spent liquid
a fixed amount of a product or service allowed during times of shortage rations
the required amount of a specific good that must be produced in a given timeframe production quota
producing only what is necessary for personal use/survival subsistence
a loan of money credit
percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself interest
money granted by the government to assist a business or industry in lowering the cost of its product/service subsidization
the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper outsourcing
a person who opposes the authority of an established government dissident
financial gain through illegal means, typically through kickbacks and bribes graft
to transfer a business, industry, or service for public (government) to private control privatize
The part of the economy owned and operated by private citizens, example Wal-mart Private sector
Founder of Chinese Communist Party, Declared the People’s Republic of China communist in 1949 Mao Zedong
Economic system based on traditions and customs. Bartering is the means of exchange. Traditional
Bridges, ports, roads, and water treatments Infrastructure
Seasonal wind lasting several months, often bringing heavy rains Monsoon
(military) the act of containing something or someone; keeping it from spreading; Containment
a union between people, groups, countries, etc. : a relationship in which people agree to work together. : the state of being joined in some activity or effort : the state of being allied Alliance
Compensation or remuneration, as for damage or economic loss, required from a nation defeated in war; to pay Reparations
1 : supreme power especially over a political unit (as a country) 2 : a country's independent authority and right of self-control Sovereign
is a policy (way of governing) in which large or powerful countries seek to extend their authority beyond their own borders. The policy of imperialism aims at the creation of an empire. Imperialist countries take control of other countries. Imperialism
Created by: Comet_Isabel