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Essential Words Needed for TOEFL - The Economy
Here you will learn some English words about the economy, such as "credit", "due", "yield", etc. that are needed for the TOEFL exam.
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benefit
[noun]
the occasions or events like concert or performance that are arranged with the aim of generating funds for those who are in need
asset
[noun]
(usually plural) a property or an item of value that a company owns and can sell to pay its debts
supply and demand
[phrase]
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
fundraising
[noun]
the process or provision of financial aid for something such as a charity or cause, usually through holding special events
free trade
[noun]
a system of international trading in which there are no restrictions or taxes on goods bought or sold
free market
[noun]
an economic system that is not operated by the government rather by free competition and supply and demand
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