For those who have nothing to do with Economics, it might get a little hard to understand the basic terms. I have a difficulty in understanding such terms and every time I come across one, I have to look it up.
Mike Hosking Breakfast shared a series of posters which described the world economy using just 2 cows. They can be understood by anyone and are brilliantly done. Have a look:
This made things so much to easy to understand!