Vocabulary for IELTS (Academic) - Economics
Here you will learn some English words about economics, such as "deflation", "oligopoly", "budget", etc. that are needed for the IELTS exam.
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an arrangement according to which a bank keeps and protects someone's money that can be taken out or added to
a written statement that shows the assets and liabilities of a company at a specific point in time
a tax on the profit a corporation or an individual makes from selling shares or properties
(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices
a period of 12 months based on which a company, government or individual does financial reporting or budgeting
a fundamental principle that should be followed in order to achieve success
a tax paid to the government each year by a business or an individual based on their income
any item of value that can be sold easily or the amount of cash available to a company
(economics) the branch of economics that is concerned with the market behavior of companies and individuals in order to understand their decision-making processes
(economics) the branch of economics that studies an economy or market system at a general level and deals with the interrelation of different sectors
(economics) a market structure in which only a few competitors are involved but none of them have the overall control
a country with stable economy that offers foreigners zero or near zero tax rates
an investing company that facilitates investment in various businesses and provides profits paid directly to each unit owner
a tax put on the value added to a product at each stage of the supply chain, affecting the final price which the consumer pays
the total amount of something that is produced, as in agriculture or an industry
the money that is put into a business or financial activity to gain profit
the sum of money that is available to a person, an organization, etc. for a particular purpose and the plan according to which it will be spent
(usually plural) a property or an item of value that a company owns and can sell to pay its debts
the act of managing large sums of money, especially by governments or corporations
money or property owned by a person or company that is used for investment or starting a business
the spending of public funds provided from borrowing rather than taxation, done by a government in order to stimulate the economy
a time of little economic activity and high unemployment, which lasts for a long time
a financial measure that indicates a company's profit in relation to each outstanding share of common stock
the value of a company's assets minus its liabilities, divided by the number of outstanding shares
(economics) an interest rate that is adjusted in a way that removes the effects of inflation
(economics) a company's inability to achieve maximum output from the input due to imperfect competition
(economics) an unprocessed material that can be traded in different exchanges or marketplaces