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Match economical terms with their definitions.

1. inflation

a. an actual or potential form of wealth supplied by nature (as coal, oil, water power, arable land, etc)

2. unemployment

b. the buying and selling of goods; commerce

3. conurbation

c. goods brought from another countries for purposes of sale

4. import

d. an increase in the amount of money and credit in relation to the supply of goods and services

5. export

e. goods carried or sent to other countries for purposes of sale

6. trade

f. lack of employment; percentage of persons out of work

7. natural resources

g. an extremely large, densely populated urban area, usually a complex of suburbs and smaller towns together with the large city at their center

DID YOU GET IT?

Answer the questions on the text.

1. What is the UK’s rate in the world economy?

2. What international economic organizations does the UK enter?

3. What economic indicators show the strength of British economy?

4. What are the UK’s chief exports?

5. What countries are the main trading partners of the UK?

6. Does the UK have all the raw materials needed for its industry?

7. Where are the main industrial and commercial areas located?