Jackie and Neil look at how the economic slowdown is affecting what we eat and talk about the language of money and economics.
This week's question: The word 'economy' comes from the Ancient Greek word, 'oikonomia'. What, literally, did the term 'oikonomia' mean? Was it:
Listen to the programme
Cutting down, eating up
a) the practice of making money and wealth move around
b) management of a household
c) saving as much money as possible
Listen out for the answer at the end of the programme!
Vocabulary from the programme:
- a recession
- a period of significantly reduced economic activity
- an economic slowdown / a slump in the economy
- a time when the economy isn't doing very well (usually not as serious as a recession)
- to cut down
- to do less of something e.g. I want to cut down on smoking
- ‘recession beating’ companies
- firms that aren't actually suffering from the recession
- budget
- low cost e.g. a budget airline, budget food retailers
- to expand
- to get bigger
