Avatar of Vocabulary Set The Economy

The Economy Vocabulary Set in Essential Vocabulary for TOEFL: Full and Detailed List

The 'The Economy' vocabulary set in 'Essential Vocabulary for TOEFL' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

Learn this vocabulary set on Lingoland

Learn Now

finance

/ˈfaɪ.næns/

Example:

She works in the field of corporate finance.

capital

/ˈkæp.ə.t̬əl/

Example:

London is the capital of the United Kingdom.

credit

/ˈkred.ɪt/

Example:

Can I buy this on credit?

debit

/ˈdeb.ɪt/

Example:

The bank made a debit of $50 from my account.

expense

/ɪkˈspens/

Example:

Buying a new car is a big expense.

due

/duː/

Example:

The train is due to arrive at 3 PM.

yield

/jiːld/

Example:

The apple trees yielded a bountiful harvest this year.

bank statement

/ˈbæŋk ˌsteɪt.mənt/

Example:

I need to check my bank statement to see if the payment went through.

benefit

/ˈben.ə.fɪt/

Example:

The new policy will bring many benefits to the community.

climb

/klaɪm/

Example:

We watched the children climb the tree.

crash

/kræʃ/

Example:

There was a serious car crash on the highway.

collapse

/kəˈlæps/

Example:

The old bridge finally collapsed under the heavy load.

debt relief

/det rɪˈliːf/

Example:

The government announced a new program for debt relief to help struggling farmers.

income

/ˈɪn.kʌm/

Example:

His annual income is sufficient to support his family.

revenue

/ˈrev.ə.nuː/

Example:

The company's annual revenue increased by 15%.

fortune

/ˈfɔːr.tʃuːn/

Example:

He inherited a vast fortune from his grandfather.

fee

/fiː/

Example:

The lawyer charged a high fee for his services.

deposit

/dɪˈpɑː.zɪt/

Example:

I made a large deposit into my savings account.

withdraw

/wɪðˈdrɑː/

Example:

He decided to withdraw his application.

freeze

/friːz/

Example:

The water pipes might freeze if the temperature drops too low.

overdraw

/ˌoʊ.vɚˈdrɑː/

Example:

I accidentally overdrew my account by fifty dollars.

donation

/doʊˈneɪ.ʃən/

Example:

The charity relies heavily on public donations.

budget

/ˈbʌdʒ.ɪt/

Example:

We need to create a detailed budget for the upcoming project.

asset

/ˈæs.et/

Example:

Her experience is a great asset to the team.

broke

/broʊk/

Example:

I'm completely broke until payday.

bankruptcy

/ˈbæŋ.krəpt.si/

Example:

The company filed for bankruptcy after years of financial struggles.

fair trade

/ˌfer ˈtreɪd/

Example:

The organization promotes fair trade practices to support local farmers.

transfer

/ˈtræns.fɝː/

Example:

Please transfer the files to the new folder.

trading

/ˈtreɪ.dɪŋ/

Example:

The company is involved in international trading.

economy

/iˈkɑː.nə.mi/

Example:

The country's economy is growing rapidly.

supply and demand

/səˌplaɪ ən dɪˈmænd/

Example:

The price of oil is determined by supply and demand.

stock market

/ˈstɑːk ˌmɑːr.kɪt/

Example:

The stock market closed higher today.

share

/ʃer/

Example:

Everyone received an equal share of the profits.

recession

/rɪˈseʃ.ən/

Example:

The country is currently experiencing a deep recession.

invoice

/ˈɪn.vɔɪs/

Example:

Please send me an invoice for the services rendered.

fundraising

/ˈfʌndˌreɪ.zɪŋ/

Example:

The charity organized a successful fundraising event.

free trade

/ˌfriː ˈtreɪd/

Example:

The two countries signed a free trade agreement.

free market

/ˌfriː ˈmɑːr.kɪt/

Example:

The government is moving towards a more free market economy.

decline

/dɪˈklaɪn/

Example:

She had to decline the invitation to the party due to a prior engagement.

commodity

/kəˈmɑː.də.t̬i/

Example:

Oil is a valuable commodity in the global market.
Learn this vocabulary set on Lingoland