Business and Economics
A person's debt is how much he or she owes to others.
Debt can be in the form of money, products, or services owed to someone else.
If you borrow money, you are taking on new debt.
译文：一个人的债务是他或她欠别人多少钱。债务的形式可以是欠别人的钱、产品或服务。如果你借钱，你就得承担新的债务。
An asset is something that has value, such as money, property or even a nice personality.
Assets can be used to pay off debts.
Specialized knowledge or skills are also assets that can be used to get a job or earn money.
译文：资产是有价值的东西，例如金钱、财产，甚至是一个良好的性格。资产可以用来还清债务。专业知识或技能也是可以用来找工作或赚钱的资产。
Real estate is property, such as land, houses, and buildings.
Buying, selling or renting property is the business of real estate.
Buying and selling real estate is a popular form of investment.
译文：房地产是财产，如土地、房屋和建筑物。买、卖、租都是房地产的生意。买卖房地产是一种流行的投资形式。
Inventory is a detailed list of items in one's possession.
In business, one's inventory is the supply of items that are ready for sale.
If a store runs out of things to sell, it needs to resupply its inventory.
译文：存货是一份某人拥有的财产的详细清单。在商业活动中，某物的库存是可供出售物品的供应量。如果一家商店的东西卖完了，它就需要再补充库存。
An investment is the purchase of an asset with the hope that its value will increase.
A good investment will produce income, such as rental income.
If the value of an asset falls, the investment will lose money.
译文：投资就是怀着资增值的希望购买资产。好的投资会产生收入，如租金收入。如果资产价值下降，投资就会亏损。
Exercise:
1.— What is borrowing money?
— If you borrow money, you are taking on new debt.
2.— What can be used to pay off a debt?
— Assets can be used to pay off debts.
3.— What is the business of buying and selling properties?
— Buying, selling or renting property is the business of real estate.
4.— What is a detailed list of items in your possession?
— Inventory is a detailed list of items in one's possession.
5.— What is the purchase of an asset, such as a new business?
— An investment is the purchase of an asset with the hope that its value will increase.
6. A person's debt is how much he or she owes to others.
7. In business, one's inventory is the supply of items that are ready for sale.
8. A good investment will produce income, such as rental income.
Repeat & Read Sentences:
1. A person's debt is how much he or she owes to others.
2. If you use a credit card, you are taking on debt.
3. Real estate is property, such as land, houses, and buildings.
4. If you buy a house and get a loan, the amount you owe on your loan is part of your debt.
5. If a store runs out of things to sell, it needs to resupply its inventory.
Countries and Continents
China is the second-largest country in the world by land area.
A major issue for China is the continuing expansion of its deserts, which have led to dust storms each spring.
South Asia is referred to as the Indian subcontinent.
It's called a subcontinent because it is separated from the rest of Asia by mountains and seas.
It is one of the world's poorest regions with about 75% of the poor living in rural areas.
Europe is the western neighbor of Asia.
It is separated from Asia by the Ural mountains which extend for 1500 miles in a north-south direction from the Arctic Ocean.
The Philippines is the only country in Asia with a majority of Christians.
The Philippines is an island nation with over 7000 islands.
It's located in the South China sea.
The country's capital city is Manila.
Asia is the world's largest continent, covering about 30% of the Earth's land area.
Several island nations are also a part of Asia, including Japan.
The world's tallest mountains are in Asia, including Mt Everest.
Exercise:
1. Which region of the world is referred to as a subcontinen?
South Asia is referred to as the Indian subcontinent.
2. What is separated from from Asia by the Ural mountains?
Europe.
3. What is the east neighbor of Europe?
Asia
4. Which country is the only country in Asia with Christians population?
The Philippines is the only country in Asia with a majority of Christians.
5. A major issue for China is the continuing expansion of its deserts, which have led to dust storms each spring.
6. It is one of the world's poorest regions with about 75% of the poor living in rural areas.
7. The Philippines is the only country in Asia with a majority of Christians.
Repeat & Read Sentences:
1. South Asia is referred to as the Indian subcontinent.
2. The Philippines is an island nation with over 7000 islands.
3. Several island nations are also a part of Asia, including Japan.
4. China is the second-largest country in the world by land area.
5. It's called a subcontinent because it is separated from the rest of Asia by mountains and seas.
