Commodity - raw material or primary agricultural product that can be bought and sold, Sustainable Development - meets the needs of the present without compromising the ability of future generations , Privatization - transferring ownership of a business, enterprise, or public service from the government to the private sector, To Outsource - obtain goods or services from an outside or foreign supplier, Standard of Living - level of wealth, comfort, material goods, and necessities available, The Global Village - the world considered as a single community connected by communication and technology, The Global Economy - the interconnected economies of different nations, Consumerism - social and economic order that encourages the acquisition of goods and services,

Upper Intermediate Vocabulary Extension

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