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