1. © 2011 wheresjenny.com World economy and its effects

2. © 2011 wheresjenny.com Vocabulary  Inflation: Inflation is nothing but a rise in the level of prices of goods and/or services in an economy over a certain period of time  Fiscal Policy: a government adjusts its levels of spending in order to monitor and influence a nation's economy.  Credit creation: Bankruptcy is a legal status of an insolvent person or an organization, that is, one that cannot repay the debts owed to creditors  Energy crisis: An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy.  Recession: Recession means a general decline in the national income (GDP), which includes wages, salaries, profits, interest and rental income shrink. It is always accompanied by a rise in unemployment.

3. © 2011 wheresjenny.com Vocabulary EnglishFrench Inflation Fiscal Policyla politique budgétaire Credit creationla création de crédit Energy crisiscrise de l'énergie Recessionrécession

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5. Economic Cycle

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7. Effects

8. © 2011 wheresjenny.com Market economy ProducersConsumers Can produce and sell at theirs prices Can decide to buy or not Both the Producers and Consumers are free to act, not a forced action

9. © 2011 wheresjenny.com Rising Gold Price Rising Food Price Stock Market crashed