Words related to "Economics" | IELTS Academic Vocabulary

account

noun

a

ə

cc

k

o

a

u

ʊ

n

t

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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

yield

noun

y

j

ie

i

l

d

the total amount of something that is produced, as in agriculture or an industry

investment

noun

i

ɪ

n

v

e

ɛ

s

t

m

e

ə

n

t

the money that is put into a business or financial activity to gain profit

budget

noun

b

u

ʌ

dg

ʤ

e

ɪ

t

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

currency

noun

c

k

u

ɜ

rr

r

e

ə

n

c

s

y

i

the type or system of money that is used by a country

to crash

Verb

c

k

r

a

æ

sh

ʃ

(economics) to lose value suddenly and significantly

Grammatical Information:

intransitive

finance

noun

f

i

aɪ

n

a

æ

n

c

s

e

the act of managing large sums of money, especially by governments or corporations

capital

noun

c

k

a

æ

p

i

ə

t

a

ə

l

money or property owned by a person or company that is used for investment or starting a business

depression

noun

d

e

ɪ

p

r

e

ɛ

ss

ʃ

io

ə

n

a time of little economic activity and high unemployment, which lasts for a long time

savings

noun

s

a

eɪ

v

i

ɪ

n

g

s

z

the amount of money that one has kept for future use, especially in a bank

profit

noun

p

r

o

ɑ

f

i

ə

t

the sum of money that is gained after all expenses and taxes are paid

net asset value

noun

/nˈɛt ˈæsɛt vˈæljuː/

the value of a company's assets minus its liabilities, divided by the number of outstanding shares

Grammatical Information:

compound noun

commodity

noun

c

k

o

ə

mm

m

o

ɑ

d

i

ə

t

y

i

(economics) an unprocessed material that can be traded in different exchanges or marketplaces

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You learned 13 words from Lesson 22. To improve learning and review vocabulary, start practicing.

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