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Economics
| Term | Definition |
|---|---|
| cryptocurrency | N /a digital currency produced by a public network, rather than any government, that uses cryptography to make sure payments are sent and received safely: |
| trade | N / the activity of buying and selling, or exchanging, goods and/or services between people or countries: |
| currency | N /the money that is used in a particular country at a particular time: |
| watchdog | N / a person or organization responsible for making certain that companies obey particular standards and do not act illegally: |
| assets | N / something valuable belonging to a person or organization that can be used for the payment of debts: |
| ailing (economy) | ADJ / experiencing difficulty and problems. |
| slump (in prices) | V /(of prices, values, or sales) to fall suddenly: |
| alleviate (debt) | V /to make something bad such as pain or problems less severe: |
| trade union | N / an organization that represents the people who work in a particular industry, protects their rights, and discusses their pay and working conditions with employers: |
| sweatshops | N / a small factory where workers are paid very little and work many hours in very bad conditions: |
| cost-cutting | N / actions taken to reduce the amount that is spent on a service or within an organization: |
| reskilling | N / the process of learning new skills so you can do a different job, or of training people to do a different job: |
| regulator | N / an official who makes certain that the companies who operate a system, such as the national electricity supply, work effectively and fairly |