A form of money created and used within a specific community or region to support local economies.

The exchange of goods or services without using money.

People who receive services or products from a business or organization (in exchange for money)

A local bank aimed at serving the financial needs of a specific community.

Community development bank

A financial institution aimed at providing services to underserved communities to foster economic growth.

Economic growth and improvement in a community or region, often supported by local businesses and initiatives.

The official currency recognized by a country's government for the payment of debts (for example: dollars in the USA, euros in Europe…).

A system through which financial institutions provide loans to individuals or businesses.

Sums of money borrowed from financial institutions to be paid back with interest over time. (I borrow money from the bank = the bank lends me money)

The economic activities and interactions within a community or region.

Community-based initiatives that aim to foster economic or social improvement.

A person responsible for overseeing and organizing the operations of a business or organization.

Small financial institutions offering financial services such as loans and savings to low-income individuals or communities.

The process of discussing terms or prices to reach an agreement, especially in business transactions.

A community or district, often related to local economic activities.

Businesses or individuals that sell goods directly to consumers.

An act of providing help or support, frequently offered digitally in areas such as banking or government.

A person who owns or manages a small retail business.

Local currencies used within a community to promote trade and solidarity, often to encourage local spending.

Government actions designed to improve the welfare of society, especially in terms of economic and social development.

Solidarity-based economy

An economic model focused on cooperation, fairness, and sustainability, in contrast to traditional capitalism.

A place where goods are sold, typically a small business.

Companies that provide goods to retailers for resale, often in bulk at negotiated prices.

Large retail stores offering a wide variety of products, typically in bulk.

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

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GEA-BUT3-S5-U1-L1

vocab for S5-U1-L1 (social and solidaity economy)

Term	Definition
Alternative currency	A form of money created and used within a specific community or region to support local economies.
Barter	The exchange of goods or services without using money.
Clients	People who receive services or products from a business or organization (in exchange for money)
Community bank	A local bank aimed at serving the financial needs of a specific community.
Community development bank	A financial institution aimed at providing services to underserved communities to foster economic growth.
Development	Economic growth and improvement in a community or region, often supported by local businesses and initiatives.
Legal tender	The official currency recognized by a country's government for the payment of debts (for example: dollars in the USA, euros in Europe…).
Lending system	A system through which financial institutions provide loans to individuals or businesses.
Loans	Sums of money borrowed from financial institutions to be paid back with interest over time. (I borrow money from the bank = the bank lends me money)
Local economy	The economic activities and interactions within a community or region.
Local projects	Community-based initiatives that aim to foster economic or social improvement.
Manager	A person responsible for overseeing and organizing the operations of a business or organization.
Microfinance banks	Small financial institutions offering financial services such as loans and savings to low-income individuals or communities.
Negotiation	The process of discussing terms or prices to reach an agreement, especially in business transactions.
Neighbourhood	A community or district, often related to local economic activities.
Retailers	Businesses or individuals that sell goods directly to consumers.
Service	An act of providing help or support, frequently offered digitally in areas such as banking or government.
Shopkeeper	A person who owns or manages a small retail business.
Social currencies	Local currencies used within a community to promote trade and solidarity, often to encourage local spending.
Social policies	Government actions designed to improve the welfare of society, especially in terms of economic and social development.
Solidarity-based economy	An economic model focused on cooperation, fairness, and sustainability, in contrast to traditional capitalism.
Store	A place where goods are sold, typically a small business.
Suppliers	Companies that provide goods to retailers for resale, often in bulk at negotiated prices.
Supermarkets	Large retail stores offering a wide variety of products, typically in bulk.
Capitalist model	An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Created by: EnglishwithMrDOT

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