Expenditures - Money spent on goods, services or programs. Households and the goverment engage in expenditures. A household expenditure would be the air-conditioning bill or the monthly mortgage payment. A government expenditure would be the military and war in general.
Privatization - Moving businesses from government-owned to privately owned. Public businesses are those that are controlled by the government such as the military, while a private business is controlled and owned by private individuals. Privatization has been very common all over the world in the last decades, for example, many rail companies that once were state-owned have been privatized.
Revenue - Money earned. Revenue is the money a person o company earns from his main economic activity.
Supply and Demand - Economic theory used do determine a product's price. This is the central economic theory from which everything else builds. Supply and Demand for economics is what the General Theory of Relativity is for physics or what Set Theory is for Math.This theory states that if the supply of a product is greater than is demand, the price will fall, while if the demand is greater than the supply, the price will rise.
Inflation - prices rise and value of money falls. Inflation is technically defined as the rate of change of the price of a basket of goods in an specific amount of time. In the United States, Inflation is measured using the consumer price index, which includes the price of the goods and services that most people consume in everyday life, such as gasoline and staple foods.
The Fed - Regulates financial system. The Fed (The Federal Reserve) controls the amount of money that circulates in the United States. It also controls the interest rate that banks charge on loans and pay for deposits.
Capitalism - Economic system in which individuals invest in the economy. Capitalism is founded on the concept of private property. Private property is something that is owned by specific individuals, and not but everyone else. Capital is a form of private property, and in capitalism, individuals use that capital to produce things or services and earn a revenue.
Consumer- someone who buys goods and services. It could be argued that everyone is a consumer, because in a modern economy, everyone has needs and buys goods and services to satisfy those needs.
Embargo - halt on trade. An Embargo is a prohibition in international trade. Perhaps the most famous embargo in the world is the emargo that the United States imposes on Cuba. This embargo prohibits companies that do business with the United States (including american companies) to also do business with Cuba. For example, If you have a car factory in Germany, you cannot sell cars to Cuba if you want to sell cars to the United States.
Sanctions - goverment penalties on foreign countries. For example, the European Union imposed sanctions on Russia after it invaded Ukraine in 2014. These sanctions consisted on travel bans, the freezing of assents, among many other prohibitions, and let to the decline of the Russian economy.
