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10 financial glossaries(2)
1. Depression：（萧条）
Definition: A period during which business activity drops significantly. High unemployment rates and deflation often accompany a depression.
2. Durable goods：（耐用消费品）
Definition: Products that aren't consumed or quickly disposed of, and can be used for several years. also called hard goods.
3. Economy of scale：（规模经济）
Definition: Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.
4. Embargo：（封港令）
Definition: A government prohibition against the shipment of certain products to a particular country for economic or political reasons.
5. European economic and monetary union:（欧洲经济与货币联盟）Definition: EMU. A monetary union in Europe which succeeded the European Monetary System. This union began to take effect in 1990, over a series of three steps. The first step abolished individual member exchange rate control, the second step established the European Central Bank, and the third step created the Euro as the common currency.
6. Factors of production:（生产要素）
Definition: Various resources, taken as a collective group, which contribute to the production of a product or service.
7. Financial instrument:（金融工具）
Definition: Various resources, taken as a collective group, which contribute to the production of a product or service.
8. Fiscal deficit:(财政赤字)
Definition: The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. also called deficit or deficit spending. also called budget deficit. opposite of budget surplus.
9. Foreign exchange：（外汇）
Definition: Instruments, such as paper currency, notes, and checks, used to make payments between countries.
10. Gross domestic product：（国内生产总值）
Definition: GDP. The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports. The GDP report is released at 8:30 am EST on the last day of each quarter and reflects the previous quarter. Growth in GDP is what matters, and the U.S. GDP growth has historically averaged about 2.5-3% per year but with substantial deviations.
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