Key terms & definitions

Work that produces goods or provides services, creating income and employment.

Able to generate enough income to cover costs and make development financially worthwhile.

Worth doing when its benefits justify its financial costs.

A period of rapid growth in economic activity, including production, sales and business profits.

A period of strong economic growth, with rising output and spending.

A factor involving wealth, resources, taxation or trade that contributes to conflict.

A difficulty involving money, costs, employment or the resources needed to provide services and support livelihoods.

A difficulty involving money or resources, such as production costs, material availability, affordability or profitability.

The overall economic conditions in which businesses operate, including interest rates, employment levels and consumer spending.

A factor concerning money or resources, such as purchase price, running costs, affordability, employment or the cost of taking action.

Government direction of production, employment and resources towards its economic priorities.

A severe, prolonged economic downturn involving falling production and trade, business failures and widespread unemployment.

An improvement in economic activity and living standards, supported by changes such as greater employment, investment and productivity.

Unequal treatment based on race that affects access to jobs, pay, housing or other economic opportunities.

An increase in the amount or value of goods and services produced by an economy.

A concentration of businesses, employment and supporting services connected to other places by flows of people, goods, money and information.

An effect on employment, production, trade, income or wealth.

An effect on income, employment, businesses, property or the costs of damage.

The use of economic power to extend influence over other countries. Soviet leaders used this accusation against the Marshall Plan.

A consequence involving costs, income or the use of financial resources.

The ability to shape investment, employment, trade and business activity.

Factors connected with work, trade, wealth, skills and the demand for labour.

An issue concerning costs, affordability, income or profitability associated with a product.

A government policy that reduces restrictions on business and trade, allowing a greater role for private companies and market competition.

A person who moves from one country to another mainly to improve their economic circumstances, such as by finding work or earning higher wages.

Someone who moves primarily to improve their employment opportunities or income.

A person who moves mainly to find work or improve their economic circumstances.

Moving to another region or country to find work or improve economic opportunities.

The rapid growth of West German production, employment and prosperity during the 1950s.

Money, labour, land, raw materials and other assets used to produce wealth or sustain power.