Economics & Markets
Economic systems, market behavior, production, trade, and national economic policy.
85 words
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Some words in this topic are A2–C2 — part of Pro. A1 words are always free.
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loss
B1
/lɔs/
The fact of no longer having something you once had.
M
S
boom
B1
/bum/
To grow or develop very quickly and successfully.
M
S
debt
B1
/dɛt/
Money that you owe to someone else.
M
S
supply
B1
/səˈplaɪ/
To provide something that someone needs or wants.
M
S
demand
B1
/dɪˈmænd/
A strong and firm request for something.
M
S
bust
B1
/bʌst/
To break something, or to break open suddenly and forcefully.
M
S
producer
B1
/pɹəˈdusɚ/
A person or company that makes goods or grows food to be sold.
M
S
profit
B1
/ˈpɹɑfɪt/
The money you gain after subtracting your costs, especially in business.
M
S
economy
B1
/iˈkɑ.nə.mi/
The system by which a country produces, sells, and uses goods, services, and money.
M
S
recovery
B1
/ɹɪˈkʌvəɹi/
A return to good health after illness or injury.
M
S
income
B1
/ˈɪnˌkʌm/
The money a person or organization earns or receives, usually regularly.
M
S
bubble
B1
/ˈbʌb.l̩/
A thin ball of liquid filled with air or gas
M
S
depression
B1
/dəˈpɹɛʃn̩/
A mental illness that makes someone feel very sad and hopeless for a long time.
M
S
growth
B1
/ɡɹoʊθ/
An increase in size, number, value, or strength.
M
S
economic
B1
/ˌɛkəˈnɑmɪk/
Relating to trade, industry, and the management of money in a country or region.
M
S
poverty
B1
/ˈpɑːvɚti/
The state of being very poor and having little money.
M
S
employment
B1
/ɪmˈplɔɪmənt/
Paid work, or the state of having a job
M
S
competitive
B1
/kəmˈpɛtɪtɪv/
Involving people or companies trying to be more successful than one another.
M
S
currency
B1
/ˈkʌɹ.ən.si/
The system of money used in a particular country.
M
S
distribution
B1
/ˌdɪstɹəˈbjuːʃən/
The way something is spread out or arranged over an area or group.
M
S
unemployment
B1
/ʌn.ɪmˈplɔɪ.mənt/
The state of not having a job.
M
S
efficiency
B1
/ɪˈfɪʃ.ən.si/
The quality of doing something well without wasting time, effort, or money.
M
S
economics
B1
/ˌɛkəˈnɑmɪks/
The study of how money, goods, and services are produced, shared, and used.
M
S
shortage
B1
/ˈʃɔː(ɹ)tɪd͡ʒ/
A situation in which there is not enough of something.
M
S
consumption
B1
/kənˈsʌmp.ʃən/
The act of eating, drinking, or using something.
M
S
consumer
B1
/kənˈsumɚ/
A person who buys and uses goods or services.
M
S
import²
B1
/ɪmˈpɔɹt/
To bring goods or products in from another country, usually to sell them.
M
S
regulation
B1
/ˌɹɛɡjʊˈleɪʃən/
An official rule made by a government or organization.
M
S
resource
B1
/ˈɹisɔɹs/
A supply of money, materials, people, or other things that can be used when needed.
M
S
export²
B1
/ɪksˈpɔɹt/
To sell and send goods to another country.
M
S
monetary
B1
/ˈmɑː.nə.ter.i/
relating to money, or measured and paid in money
M
S
taxation
B1
/tækˈseɪ.ʃən/
the system or act of charging taxes
M
S
tariff
B1
/ˈtærɪf/
a tax imposed by a government on goods imported from or exported to another country
M
S
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