ECONOMICS AND ECONOMY

Question 1

Economist

Answer 1

someone who studies the way in which wealth is produced and used in an area

Question 2

To economise (štedjeti)

Answer 2

to reduce the amount of time, money, goods, etc., that you use, to save money

Question 3

Ecomomics (ekonomija)

Answer 3

the study of the way in which wealth is produced and used

Question 4

Economical (ekonomičan)

Answer 4

using money, time, goods etc. carefully and without wasting any

Question 5

Economy

Answer 5

the system by which a country’s goods and services are produced and used; the
careful use of money, goods, time etc. so that nothing is wasted; a way of spending less money

Question 6

Business

Answer 6

the production, buying and selling of goods and services for profit