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Socials 11

Socials 11. Great Depression Vocabulary . REVENUE. income , or amount of money , a company receives during a specific period especially in regards to an organization and a substantial amount of money.

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Socials 11

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  1. Socials 11 Great Depression Vocabulary

  2. REVENUE • income, or amount of money, a company receives during a specific period • especially in regards to an organization and a substantial amount of money. For example: “Lululemon lost substantial revenue since the ‘see-through pants’ fiasco."

  3. EXPENDITURE • expenses, or amount of money spent,by a company during a specific period For example: “Canadian Senators have come under investigation for their expenditure of public funds on fancy dinners."

  4. RECOVERY • An economic recovery is the phase of the business cycle following a recession, during which an economy regains and exceeds peak employment and output levels achieved prior to downturn. • Uncharacteristicallyhigh levels of growth For example: “The housing market experienced a recovery period after the federal government bailed out the big banks."

  5. PROSPERITY • A successful, flourishing, or thriving condition, especially in financial respects; good fortune. • Most people have money for the essentials of life and some extras. For example: “During times of economic prosperity, more people are able to afford luxuries such as manicures and lattes.”

  6. SUPPLY AND DEMAND • The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. For example: “When there is too much supply for a product, but the demand does not increase the price will go down.”

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