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annual
/ˈænjuəɫ/
adjective
happening or calculated yearly
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asset
/ˈæˌsɛt/
noun
a valuable thing or quality that is considered to be useful
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auction
/ˈɑkʃən/, /ˈɔkʃən/
noun
a public sale in which goods or properties are sold to the person who bids higher
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to bargain
/ˈbɑrɡɪn/, /ˈbɑrɡən/
verb
to negotiate the terms of a contract, sale, or similar arrangement for a better agreement, price, etc.
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benefit
/ˈbɛnəfɪt/
noun
a financial aid provided by the government for people who are sick, unemployed, etc.
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betting
/ˈbɛtɪŋ/
noun
the act of risking money on the result of an unpredictable event
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budget
/ˈbʌdʒɪt/
noun
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
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to decrease
/ˈdiˌkɹis/, /dɪˈkɹis/
verb
to become less in amount, size, or degree
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discount
/ˈdɪskaʊnt/, /dɪˈskaʊnt/
noun
the amount of money that is reduced from the usual price of something
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economics
/ˌɛkəˈnɑmɪks/, /ˌikəˈnɑmɪks/
noun
a field of study that deals with a country's finances and its distribution or consumption
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expense
/ɪkˈspɛns/
noun
the amount of money spent to do or have something
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fair trade
/fˈɛɹ tɹˈeɪd/
noun
trading practices that do not put consumers at a disadvantage
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fare
/ˈfɛɹ/
noun
the amount of money we pay to travel with a bus, taxi, plane, etc.
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fund
/ˈfənd/
noun
a sum of money that is collected and saved for a particular purpose
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globalization
/ˌɡɫoʊbəɫɪˈzeɪʃən/
noun
the fact that the cultures and economic systems around the world are becoming connected and similar as a result of improvement in communications and development of multinational corporations
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inflation
/ˌɪnˈfɫeɪʃən/
noun
the condition in which a currency is losing its purchasing power and the prices generally increase
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investment
/ˌɪnˈvɛsmənt/, /ˌɪnˈvɛstmənt/
noun
the act or process of putting money into something to gain profit
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mortgage
/ˈmɔɹɡədʒ/, /ˈmɔɹɡɪdʒ/
noun
an official contract or arrangement by which a bank gives money to someone as a loan to buy a house and the person must return the money with interest at monthly intervals
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pension
/ˈpɛnʃən/
noun
a regular payment made to a retired person by the government or a former employer
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recession
/ˌɹiˈsɛʃən/, /ɹɪˈsɛʃən/
noun
a hard time in a country's economy characterized by a reduction in employment, production, and trade
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refund
/ˈɹiˌfənd/, /ɹɪˈfənd/
noun
an amount of money that is paid back because of returning goods to a store or one overpaying for something
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revenue
/ˈɹɛvəˌnu/, /ˈɹɛvənˌju/
noun
money that a government collects in tax each year
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stock market
/stˈɑːk mˈɑːɹkɪt/
noun
the business of trading and exchanging shares of different companies
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unstable
/ənˈsteɪbəɫ/
adjective
prone to sudden change or alteration
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wage
/ˈweɪdʒ/
noun
money that a person earns, daily or weekly, through work or giving services
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to appreciate
/əˈpɹiʃiˌeɪt/
verb
(of value or price) to gradually rise
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bankruptcy
/ˈbæŋkɹəpsi/, /ˈbæŋkɹəptsi/
noun
a situation in which a person or business is unable to pay due debts
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capitalism
/ˈkæpɪtəˌɫɪzəm/
noun
an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government
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