Answers
An extremely high and typically accelerating inflation rate. It quickly erodes the real value of the local currency, as the prices of all goods increase.
The amount of income remaining after taxes and expenses have been deducted from wages. It determines the purchasing power of the consumer.
The means by which a government finances its expenditure by imposing charges on citizens and corporate entities.
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
A labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs.
The overall state of the economic factors that affect the growth and stability of the economy and, consequently, businesses within it.
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
A situation in which the value of financial institutions or assets drops rapidly, leading to a loss of wealth and confidence in the financial system.
The value of one currency for the purpose of conversion to another. It determines how much one currency is worth in terms of another.
The situation when individuals who are capable of working and are actively seeking work are unable to find a job.
