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Economic change – English vocabulary

33 words · English vocabulary · Created by OpenQuiz Team

33 English words with meanings: achieve economic growth, boost the economy, come out of recession, devaluation, devalue… Study them with flashcards, quizzes…

Part of the learning path: Vocabulary in Daily Life - Advance

Word list

  1. achieve economic growth /ə'tʃi:v ,i:kə'nɑ:mɪk ɡroʊθ/ (phrase) — make a country's economy grow and become stronger
    Example: The government worked hard to achieve economic growth.
    Synonyms: promote growth, expand the economy, increase prosperity
  2. boost the economy /bu:st ði ,i:kə'nɑ:mi/ (phrase) — make the economy stronger and more active
    Example: The tax cut could boost the economy.
    Synonyms: stimulate the economy, strengthen the economy, grow the economy
  3. come out of recession /kʌm aʊt əv rɪ'sɛʃən/ (phrase) — recover from a period of falling business activity
    Example: The country began to come out of recession.
    Synonyms: recover from recession, exit recession
  4. devaluation /,di:vælju'eɪʃən/ (noun) — a drop in the value of money or currency
    Example: The devaluation hurt the local economy.
    Synonyms: currency drop, loss in value
  5. devalue /di:'vælju:/ (verb) — to make money or currency worth less
    Example: The central bank may devalue the currency.
    Synonyms: reduce the value of, lower the value of
  6. double-dip /,dʌbəl 'dɪp/ (phrase) — to fall into recession again after a short recovery
    Example: The economy could double-dip if demand stays weak.
    Synonyms: recede again, fall back into recession
  7. economic growth /,i:kə'nɑ:mɪk ɡroʊθ/ (phrase) — a rise in the size and strength of an economy
    Example: Economic growth slowed last quarter.
    Synonyms: economic expansion, growth in the economy
  8. emerge from recession /ɪ'mɜ:rdʒ frəm rɪ'sɛʃən/ (phrase) — to begin to recover after a recession
    Example: The economy began to emerge from recession.
    Synonyms: recover, bounce back, pick up
  9. globalisation /,ɡloʊbələ'zeɪʃən/ (noun) — the process by which countries and people become more connected worldwide
    Example: Globalisation has made trade faster across borders.
    Synonyms: international integration, worldwide connectedness
  10. go into recession /ɡoʊ 'ɪntu: rɪ'sɛʃən/ (phrase) — to enter a period when the economy gets smaller
    Example: The economy could go into recession next year.
    Synonyms: enter recession, decline, contract
  11. go through the roof /ɡoʊ θru: ðə ru:f/ (phrase) — to rise very quickly and sharply
    Example: Prices went through the roof.
    Synonyms: soar, skyrocket
  12. human poverty /'hju:mən 'pɒvərti/ (phrase) — the state of being poor in many parts of life, not only money
    Example: Human poverty affects health, education, and hope.
    Synonyms: multidimensional poverty, overall poverty, social poverty
  13. impoverished /ɪm'pɒvərɪʃt/ (adjective) — made poor by a lack of money or resources
    Example: The region was impoverished by years of conflict.
    Synonyms: poor, depleted, impoverished
  14. income bracket /'ɪnkʌm 'brækɪt/ (phrase) — a range of income levels used to group people or households
    Example: They fall into a lower income bracket.
    Synonyms: income range, earnings group, salary band
  15. income equality /'ɪnkʌm ɪ'kwɒləti/ (phrase) — a situation where people have similar amounts of income
    Example: The report discusses income equality in the city.
    Synonyms: equal income, income parity, fair pay distribution
  16. inward investment /'ɪnwərd ɪn'vɛstmənt/ (noun) — money from other countries invested in a business or economy
    Example: The factory grew after inward investment from abroad.
    Synonyms: foreign investment, outside investment
  17. live from hand to mouth /lɪv frəm hænd tə maʊθ/ (idiom) — to live with only enough money for daily needs
    Example: They lived from hand to mouth during the winter.
    Synonyms: barely get by, live paycheck to paycheck, scrape by
  18. lower taxes /'loʊər 'tæksɪz/ (phrase) — to reduce the amount of money people must pay in taxes
    Example: The government plans to lower taxes.
    Synonyms: cut taxes, reduce taxes, decrease taxes
  19. make ends meet /meɪk ɛndz mi:t/ (phrase) — to have just enough money to pay for necessary expenses
    Example: They work hard to make ends meet.
    Synonyms: get by, scrape by, make a living
  20. monetary union /'mʌnɪtəri 'ju:njən/ (phrase) — an agreement where several countries use one money system
    Example: The countries joined a monetary union.
    Synonyms: currency union, common currency area, shared money system
  21. nationalisation /,næʃənəlaɪ'zeɪʃən/ (noun) — the transfer of a business or service from private to state control
    Example: The government approved nationalisation of the railways.
    Synonyms: state takeover, public ownership
  22. on a shoestring /ɒn ə 'ʃu:strɪŋ/ (phrase) — with very little money to spend
    Example: They traveled on a shoestring.
    Synonyms: on a tight budget, cheaply, economically
  23. penury /'pɛnjʊri/ (noun) — extreme lack of money and basic needs
    Example: The family lived in penury for many years.
    Synonyms: extreme poverty, destitution, privation
  24. population explosion /,pɑ:pjə'leɪʃən ɪk'sploʊʒən/ (noun) — a very fast increase in the number of people
    Example: The city faced a population explosion after the war.
    Synonyms: rapid growth, population boom
  25. poverty /'pɑ:vərti/ (noun) — the state of having too little money for basic needs
    Example: Poverty affects millions of people worldwide.
    Synonyms: need, destitution, hardship
  26. poverty line /'pɑ:vərti laɪn/ (phrase) — the income level below which a person is considered poor
    Example: Their income is below the poverty line.
    Synonyms: poverty threshold, income cutoff, poverty level
  27. poverty-stricken /'pɑ:vərti,strɪkən/ (adjective) — very poor and lacking enough money for basic living
    Example: Many families live in poverty-stricken neighborhoods.
    Synonyms: destitute, impoverished, very poor
  28. privatisation /,prɪvətaɪ'zeɪʃən/ (noun) — the transfer of a business or service from state to private control
    Example: Privatisation changed the company into a private business.
    Synonyms: private ownership, sale to private owners
  29. public-private partnership /,pʌblɪk 'praɪvət 'pɑ:rtnərʃɪp/ (phrase) — a project run together by government and private companies
    Example: The new bridge was built through a public-private partnership.
    Synonyms: joint government-business project, public-private project
  30. relative poverty /'rɛlətɪv 'pɑ:vərti/ (phrase) — being poor compared with other people in the same society
    Example: Relative poverty can still mean a difficult life.
    Synonyms: comparative poverty, disadvantage, economic inequality

…and 3 more words in this set.

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