The Economy

the field of economics concerned with the management, allocation, and oversight of money, investments, and other financial assets

She studied finance to understand investment strategies.

the city or town that is considered to be the political center of a country or state, from which the government operates

Washington, D.C. is the capital of the United States.

to recognize and acknowledge someone's effort in achieving a specific thing

The coach credits the team's victory to rigorous training sessions.

an entry indicating an increase in assets or an expense, and a decrease in debts or income

The accountant recorded the purchase as a debit.

the amount of money spent to do or have something

Keeping track of your monthly expenses can help you create a realistic budget.

something that is rightfully owed or deserved by someone

After years of hard work, he finally received the recognition that was his due.

to stop fighting something or someone

After hours of intense debate, the opposition party decided to yield and support the proposed legislation.

a document given by a bank to an account holder, providing a summary of all financial transactions within a specified period

John reviewed his bank statement to reconcile his records with his monthly expenses.

to gain something good from something or someone

By attending the workshop, she hoped to benefit from expert advice.

to go up mountains, cliffs, or high natural places as a sport

He likes to climb mountains on weekends.

to break with a sudden and loud impact, often causing damage

The window crashed under the force of the heavy stone.

(of a construction) to fall down suddenly, particularly due to being damaged or weak

The old building collapsed after years of neglect and structural decay.

the act of remitting a person or organization's debts

the money that is regularly earned from a job or through an investment

His primary source of income is his salary from the tech company where he works.

the total income generated from business activities or other sources

The company's annual revenue exceeded expectations.

a very large sum of money

He inherited a fortune from his grandparents and became one of the wealthiest individuals in the country.

the money that is paid to a professional or an organization for their services

The lawyer's fee for handling the case was quite high.

to place or fix something in a specific location

To secure the valuable artifact, the museum decided to deposit it in a high-security vault.

to take money out of an account, fund, or financial institution

She visited the ATM to withdraw some cash for groceries.

to become hard or turn to ice because of reaching or going below 0° Celsius

As the temperature dropped overnight, the water in the pond began to freeze.

to present something in a way that makes it seem larger, more extreme, or more important than it really is

The author tends to overdraw characters' emotions for dramatic effect.

something that is voluntarily given to someone or an organization to help them, such as money, food, etc.

She made a donation to the local animal shelter.

a specific amount of money set aside for a particular use

The project has a strict budget for equipment.

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

Real estate is considered a valuable asset due to its potential for long-term appreciation and rental income.

to separate something into more pieces, often in a sudden way

Be careful not to break the glass when you wash the dishes.

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

The company declared bankruptcy after years of financial losses.

trading practices that do not put consumers at a disadvantage

the action of taking something from one place to another

The transfer of power took place peacefully after the election results were announced.

the activity of exchanging goods or services

The trade between the two countries has increased significantly over the past decade.

the system in which money, goods, and services are produced or distributed within a country or region

The country's economy grew rapidly due to investments in technology and infrastructure.

‌the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices

the business of trading and exchanging shares of different companies

The stock market experienced a significant drop today, causing investors to worry about their portfolios.

any of the equal portions of a company's stock that is available for public to buy and gain benefit

She bought 100 shares of the tech startup during its IPO.

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

During the recession, many businesses were forced to close, leading to widespread job losses.

a list of goods or services received and their total cost

The vendor sent an invoice to the client for the goods delivered.

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

They fundraised tirelessly to support cancer research.

a system of international trading in which there are no restrictions or taxes on goods bought or sold

Many economists argue that free trade agreements promote economic growth by reducing barriers to international commerce.

an economic system that is not operated by the government rather by free competition and supply and demand

In a free market economy, prices are determined by supply and demand rather than government intervention.

to gradually weaken or worsen in condition or performance

His health began to decline after he stopped following his doctor's recommendations for exercise and diet.

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

Oil has long been a highly valued commodity on the global market, influencing economies and politics.