Thematic words on Economy Part 1

Vocabulary Input ProgrammeTopic : Economy

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AFFILIATE1

(noun)a branch organisation, a person or organization officially attached to a

larger body

ARBITRATOR2

(noun) a person empowered to decide a dispute or settle

differences as contract terms involving labour and management

ASSET3

(noun) : assets (pl.)property owned by a person or

company, regarded as having value and available to meet debts,

commitments, or legacies

ARREAR4

(noun) : arrears (pl.)something overdue in payment; 

a debt that remains unpaid.

BANKRUPT5

(adjective)unable to pay debts

BANKRUPTCY6

(noun) : bankruptcies (pl.)a condition of financial failure caused

by not having the money that you need to pay your debts

BUDGET7

(noun)an amount of money available for

spending that is based on a plan for how it will be spent

CAPITAL8

(noun)money, property, etc., that is used to

start or operate a business

CASH9

(noun)money in the form of coins and bills or money along with other things (such

as stocks) that can be quickly changed into money

CASH-AND-CARRY10

(noun)a store where businesses and other

customers can pay cash for goods at low prices and take them away instead

of having them delivered

CONSUMER11

(noun) : consumers (pl.)a person who buys

products and services

CONSUMER GOODS12

(noun, plural) products that people buy for personal

use or for use at home

CREDIT13

(noun) : credits (pl.) money that a bank or business will allow a person to use and then pay

back in the future

CURRENCY14

(noun) : currencies (pl.) the specific kind of money

a country uses

DEBT15

(noun) : debts (pl.) an amount of money that you owe to a

person, bank, company, etc.

DEFICIT16

(noun) : deficits (pl.)  an amount (such as an amount of

money) that is less than the amount that is needed

DEPOSIT17

(verb) to put (money) in a bank account

DEPRESSION18

(noun) a period of time in which there is little economic activity and many people do

not have jobs

ECONOMICS19

(noun) a science concerned with the process or system by which goods and services

are produced, sold, and bought

ECONOMY20

(noun) : economies (pl.) the process or system by which goods and services are produced, sold, and

bought in a country or region

Vocabulary Input ProgrammeTopic : Economy

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