Words for General IELTS - Lesson 17

happening or calculated yearly

a valuable thing or quality that is considered to be useful

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

to negotiate the terms of a contract, sale, or similar arrangement for a better agreement, price, etc.

a financial aid provided by the government for people who are sick, unemployed, etc.

the act of risking money on the result of an unpredictable event

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

to become less in amount, size, or degree

the amount of money that is reduced from the usual price of something

a field of study that deals with a country's finances and its distribution or consumption

the amount of money spent to do or have something

trading practices that do not put consumers at a disadvantage

the amount of money we pay to travel with a bus, taxi, plane, etc.

a sum of money that is collected and saved for a particular purpose

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

the condition in which a currency is losing its purchasing power and the prices generally increase

the act or process of putting money into something to gain profit

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

a regular payment made to a retired person by the government or a former employer

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

an amount of money that is paid back because of returning goods to a store or one overpaying for something

money that a government collects in tax each year

the business of trading and exchanging shares of different companies

prone to sudden change or alteration

money that a person earns, daily or weekly, through work or giving services

(of value or price) to gradually rise

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

an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government