Economy

Vocabulary List Number 323 v.0.3 with 34 entries made up of 2 chapters with 8 definitions, 0 synonyms and 5 examples. Last update was done on Jan. 15, 2026.

        Main Definition 

1. economy 1 |n| a: the structure or conditions of economic life in a country, area, or period; b: an economic system; c: thrifty and efficient use of material resources : frugality in expenditures; d: also: an instance or a means of economizing: saving; d: efficient and concise use of nonmaterial resources (such as effort, language, or motion). (From Merriam Webster. Jan 14, 2026)
2. economy 2 |n| a system for distributing limited resources. (From Bank of England, Jan 15, 2025.)
3. economy 3 |n| the relationship between production, trade and the supply of money in a particular country or region. (From Oxford Learner's Dictionaries) 
4. economy 4 |n| is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. (From Wikipedia, Jan 15, 2026)
5. "The world economy is still suffering from the effects of the pandemic." (From Oxford Learner's Dictionaries) 
6. "More than 10,000 people have reportedly been arrested in recent weeks for participating in the anti-government protests sparked by Iran’s failing economy, according to human rights groups, and many have begun to demand total regime change as the demonstrations continue." (From FOXNews.com, Landon Mion, 13 Jan. 2026)
7. "Tourism clearly dominates the local economy." (From Oxford Learner's Dictionaries) 
8. "Summit speakers explored the current landscape of business and industry across health care, child care, education, manufacturing and development sectors, by discussing trends, challenges and opportunities shaping the region’s economy." (From Daily News, Marianne Love, 13 Jan. 2026)
9. "The economy is in recession." (From Oxford Learner's Dictionaries) 
10. "New York — Collective wisdom holds that an independent central bank is absolutely vital for any advanced economy." (From CNN Money, Allison Morrow, 13 Jan. 2026)
11. "He favours tax cuts to stimulate the economy." (From Oxford Learner's Dictionaries) 
12. "Denmark, Germany, and Norway, meanwhile, work the fewest hours and feature its strongest economies." (From Time, Joe O’Connor, 13 Jan. 2026)
13. "Over the past few years, the country's economy has grown at a record pace. (From Oxford Learner's Dictionaries) 

        Some Economy Terms

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1. asset |n| [usually plural] something valuable belonging to a person or organization that can be used for the payment of debts. (From Cambridge Dictionary. Dec 26, 2025)
2. "A company's assets can consist of cash, investments, specialist knowledge, or copyright material." (From Cambridge Dictionary. Dec 26, 2025)
3. liquid asset|n| a lot of his wealth is in the form of stock, but he has little in liquid assets (= money or things that can easily be changed into money). (From Cambridge Dictionary. Dec 26, 2025
4. bankruptcy |n| a legal procedure for liquidating a business (or property owned by an individual) which cannot fully pay its debts out of its current assets. Bankruptcy can be brought upon itself by an insolvent debtor (called 'voluntary bankruptcy') or it can be forced on court orders issued on creditors' petition (called 'involuntary bankruptcy'). Two major objectives of a bankruptcy are (1) fair settlement of the legal claims of the creditors through an equitable distribution of debtor's assets, and (2) to provide the debtor an opportunity for fresh start. Bankruptcy amounts to a business-failure, but voluntary winding up does not.
5. "The company was forced into bankruptcy."
6. "The number of bankruptcies was especially high last year."
7. "Critics view the decision as an example of moral bankruptcy on the part of the administration."
8. budget |n| an estimate of income and expenditure for a set period of time.
9. inflation |n| the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation — and avoid deflation — in order to keep the economy running smoothly.
10. interest rate |n| the amount of interest that must be paid. It is expressed as a percentage of the amount that is borrowed or gained as profit.
11. stock market |n| a global network of marketplaces (like the NYSE or Nasdaq) where investors buy and sell shares, or ownership stakes, in publicly traded companies, connecting businesses needing capital with investors seeking wealth growth through price appreciation or dividends. It acts as a barometer for economic health, driven by supply, demand, company performance, and investor sentiment, with rules and regulations ensuring fair, transparent trading. (From Google IA. Nov 27, 2025)
12. "He plans to invest in the stock market". (From Google IA. Nov 27, 2025)