Vocabulary Unit 6
Commodity (n) A substance, material or product that can be
traded, bought or sold.
Cartel (n) A group of similar businesses who join together
in order to control prices and prevent competition.
Recession (n) A period when the economy of a country is not
successful and conditions for business are bad.
Monopoly (n) The complete control of an area of business,
so the others could not become involved in.
Inflation (n) A general progressive increase in the prices of
goods and services in a country.