Before you watch the lecture, it is important that you understand 10 key words and phrases. For each of the definitions below, choose the most appropriate word.
1. The total value of products and services produced within the territorial boundary of a country.
2. A small group of people within a larger group who have more power, social standing, wealth, or talent.
3. A temporary union between two or more groups, especially political parties.
4. A political system based on personal relations.
5. To deal bravely with a problem (idiom).
6. Allowing or providing for the involvement of all members of a group or society.
7. A weakness that seems small but makes someone or something extremely vulnerable.
8. Operations and companies associated with large-scale farming.
9. The gap between the amount of money earned by the rich and the poor.
10. Relating to a town, city or region that has its own local government.
Congratulations - go on to the next exercise.
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