Vocabulary for IELTS (Academic) - Economics

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

(economics) an amount or share that each individual is entitled to receive

a natural or legal person that owns at least one share in a company

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

a specific amount of money set aside for a particular use

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

(economics) to lose value suddenly and significantly

money placed in a bank or financial institution

a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and the potential to provide future benefits

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

assets used to generate more assets, especially in business or production

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

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

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

a financial measure that indicates a company's profit in relation to each outstanding share of common stock

a period of six months, especially used in financial contexts

a bank account that has two or more owners

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