Level 4 unit3 2/4 vocabulary

A person’s debt is how much he or she owes to others. Debt can be in the form of money, products or services owe to someone else. If you borrow money, you are taking on new debt.
An asset is something has value, such as money, property, or even a nice personality. Assets can be used to pay off debts. Specialize knowledge or skills are also assets that can be used to get a job or earn money.
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.
Inventory is a detail list of items in one’s procession. 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. An investment is a purchase of an asset with the hope that its value will increase. A good investment will produce income, such as rent income. If the value of an asset falls, the investment will lose money.
China is the second largest country of the world by land area. A major issue for China is its continuing expansion of its deserts, which has led dust storms each spring. Many of the world’s most polluted cities are located there.
South Asia is refered to Indian’s subcontinent. It’s called subcontinent because it’s separated from the rest Asia by the mountains and seas. It’s one of the world’s poorest regions with about 75% of the poor living in the rural area.
Europe is the western neighbor of Asia. It is separated from Asia by the Europe mountains, which extens
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 world’s land area. Several island nations are also part of Asia, including Japan. The world’s tallest mountains are in Asia, including MT Everest.