Money and economy – English vocabulary
57 words · English vocabulary · Created by Openquiz Team
57 English words with meanings: asset, budget, consumer, cost of living, customer… Study them with flashcards, quizzes and AI speaking practice on OpenQuiz.
Part of the learning path: Vocabulary for IELTS
Word list
- asset /'æsɛt/ (noun) — something valuable
Example:Her communication skills are a great asset to the team.
Synonyms: advantage, resource, benefit - budget /'bʌdʒɪt/ (adjective) — cheap and saves money
Example:We stayed at a budget hotel during our trip.
Synonyms: cheap, affordable, economical - consumer /kən'sju:mə/ (noun) — a person who buys and uses things
Example:The company focuses on understanding the needs of the consumer.
Synonyms: buyer, customer, user - cost of living /kɒst əv 'lɪvɪŋ/ (noun phrase) — the cost of daily needs
Example:The cost of living in big cities is increasing every year.
Synonyms: living costs, expenses, household expenses - customer /'kʌstəmə/ (noun) — a person who buys from a business
Example:The customer asked for a refund after receiving a damaged product.
Synonyms: client, buyer, shopper - dominate /'dɒmɪneɪt/ (verb) — to control or rule over
Example:Big companies often dominate smaller competitors in the market.
Synonyms: control, rule, influence - economic /,i:kə'nɒmɪk/ (adjective) — about money and jobs
Example:The country is facing serious economic challenges this year.
Synonyms: financial, fiscal, monetary - economical /,i:kə'nɒmɪkəl/ (adjective) — costing less money; not wasting money
Example:Using public transport is more economical than driving a car every day.
Synonyms: thrifty, cost-effective, budget-friendly - endorse /ɪn'dɔ:s/ (verb) — to publicly support or approve
Example:Several celebrities endorse this new brand of sneakers.
Synonyms: support, approve, recommend - enrich /ɪn'rɪtʃ/ (verb) — to make something better or richer
Example:Traveling can enrich your understanding of different cultures.
Synonyms: enhance, improve, broaden - expend /ɪk'spend/ (verb) — to use
Example:We expend a lot of energy during physical exercise.
Synonyms: use, spend, consume - fine /faɪn/ (noun) — money you must pay as punishment
Example:He had to pay a fine for parking in a no-parking zone.
Synonyms: penalty, fee, charge - fluctuate /'flʌktʃueɪt/ (verb) — change or vary
Example:Prices for fresh fruit fluctuate throughout the year.
Synonyms: vary, change, shift - fraud /frɔ:d/ (noun) — cheating to get money; a cheater
Example:The company fired him after discovering his involvement in fraud.
Synonyms: deception, scam, cheating - goods /ɡʊdz/ (noun) — things that are made or sold
Example:The store sells imported goods from several countries.
Synonyms: products, merchandise, commodities - impose a fine /ɪm'pəʊz ə faɪn/ (verb phrase) — to make someone pay a fine
Example:The court decided to impose a fine on the company for breaking environmental laws.
Synonyms: levy a fine, charge a penalty - increase /'ɪnkri:s/ (noun) — the act of becoming more
Example:There has been a steady increase in online shopping.
Synonyms: rise, growth, surge - innovative /'ɪnəvətɪv/ (adj) — new and creative
Example:The company is known for its innovative approach to technology.
Synonyms: creative, original, inventive - invest /ɪn'vest/ (verb) — put money in to make more
Example:They plan to invest in renewable energy projects.
Synonyms: fund, finance, put money into - keep an open mind /ki:p ən 'əʊpən maɪnd/ (phrase) — willing to accept new ideas
Example:Try to keep an open mind when you hear new ideas.
Synonyms: be receptive, stay unbiased, be flexible - living expenses /'lɪvɪŋ ɪk'spɛnsɪz/ (noun phrase) — the cost of daily needs
Example:He keeps a record of his monthly living expenses.
Synonyms: cost of living, household costs, daily expenses - market /'mɑ:kɪt/ (noun) — a place where people buy and sell
Example:The company is trying to expand into the Asian market.
Synonyms: trade, commerce, industry - materialistic /mə,tɪəriə'lɪstɪk/ (adjective) — focused on money and things
Example:She is very materialistic and only cares about luxury brands.
Synonyms: money-oriented, greedy, possessive - money /'mʌni/ (noun) — coins and notes you use to buy things
Example:He saved enough money to buy a new car.
Synonyms: cash, funds, currency - monopoly /mə'nɒpəli/ (noun) — when one company controls everything
Example:The company had a monopoly on the local water supply.
Synonyms: control, dominance, exclusive possession - niche /ni:ʃ/ (noun) — a small, specific market
Example:She found a niche in eco-friendly home products.
Synonyms: specialty, segment, market - outweigh /aʊt'weɪ/ (verb) — to be more important
Example:The benefits of this decision outweigh the potential risks.
Synonyms: surpass, exceed, outbalance - overpriced /,əʊvə'praɪst/ (adjective) — too expensive
Example:The restaurant was nice but the food was overpriced.
Synonyms: expensive, costly, exorbitant - patent /'peɪtənt/ (noun) — legal right to protect an invention
Example:The company received a patent for its new invention.
Synonyms: copyright, license - percentage /pə'sentɪdʒ/ (noun) — a number out of one hundred
Example:Only a small percentage of students passed the exam.
Synonyms: portion, fraction, ratio
…and 27 more words in this set.
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