ACT Math and Assessment - Economics

to give something, particularly money, to make up for the difficulty, pain, damage, etc. that someone has suffered

to repay someone for expenses or losses they have experienced

(particularly related to money) to gradually increase in amount or number

to freely give goods, money, or food to someone or an organization

to seek financial contributions or donations for a particular cause, organization, or event

to buy or begin to have something

to use or take something belonging to someone else, with the idea of returning it

to put an amount of money or other item of value into a bank account

to obtain or earn something desired or needed, typically through effort or skill

a tax paid on goods imported or exported

a charge or fee set, especially by authority or law

an amount of money paid regularly to the shareholders of a company

money that an organization or business earns over a period of time

a situation in which the prices of assets, such as stocks, real estate, or commodities, become significantly inflated beyond their intrinsic value due to speculative investing or market hype

the amount of money spent to do or have something

strict economic measures implemented by a government to reduce public expenditure and budget deficits

the process of introducing a new product or service into the market for sale

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

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

an economic cycle characterized by periods of rapid economic expansion followed by periods of contraction or recession

the cost advantages that enterprises obtain due to size, output, or scale of operation

the business of trading and exchanging shares of different companies

a person or organization that holds a position of trust, responsibility, and confidence to manage assets or property on behalf of others

a decline in something's price or value

the estimated residual value of an asset at the end of its useful life

a public sale in which goods or properties are sold to the person who bids higher

the general process of purchasing or selling something

an amount of money that a government or organization pays to lower the costs of producing goods or providing services so that prices do not increase

a situation in which one organization or entity exclusively controls the production, distribution, or trade of a product or service, making other rivals unable to compete

money, food, or other resources distributed freely to those in need, typically by an organization or government

an amount of money that one pays to receive an education, particularly in a university or college

a hard time in a country's economy characterized by a reduction in employment, production, and trade

a situation in which a person or business is unable to pay due debts

a thing that achieves great widespread popularity or financial success, particularly a movie, book, or other product

an amount of money invested in a business

someone who buys and uses services or goods

a person or organization that provides money or resources to a business or project with the expectation of making a profit

the regular costs required for maintaining a business or an organization

an amount of budget dedicated to something

wealth or affluence, especially when displayed in a showy manner

the funds and resources that a country or organization controls

a reward or payment given as motivation for completing a task or reaching an objective

a book or digital record that contains financial transactions and balances, organized by accounts

involving or about money

relating to government revenue or public money, especially taxes

relating to money or currency

capable of producing a lot of profit or earning a great amount of money for someone

desirable or sought after, especially by employers or in the marketplace

(in business) concentrating on or using something a lot, such as a piece of equipment, etc.

(of a business) making or yielding profit

(of an organization, activity, etc.) operating without the goal of generating any financial benefits

characterized by an economic system where private ownership of businesses and resources drives production and distribution with a focus on profit

having a much higher quality and price than the rest of their kind

spending money very reluctantly

costing a lot of money, more than the necessary or affordable amount

possessing a great amount of riches and material goods

high quality, luxurious, or intended for a wealthier clientele

(of people) spending money in an extravagant or generous manner

a piece of land, building, or other similar property as opposed to personal possessions