VIP Class Notes (Phil)

talked about trade and economics

Vocabulary

European union 

Vote – choice

immigration – movement of people to a country

freedom of movement – free to move between countries

nationalist – to think your country is better than others

porridge – a type of food for breakfast

economic protectionism – countries protect their companies and industries

Coal mining – a material found in the ground

free trade  – free open markets

working class people – factory, manufacturing or other lower level workers

critical infrastructure – transport, power stations, 5G network,

currency control – to control how much money is leaving the country

Standard of living – salary, education, health, GDP

the standard of living in China has increased a lot in 20 years

Welfare state – healthcare system, financial support for unemployed