Work & Economy · View all words

paid work or the state of having a job

“Tourism creates employment in rural areas.”

money earned from work or investment

“Higher income can improve living standards.”

the rate at which work is produced

“Flexible hours may increase productivity.”

money or effort used to gain future benefits

“Investment in education benefits the whole economy.”

a person who buys goods or services

“Online reviews influence consumer behavior.”

a general rise in prices

“Inflation makes everyday goods more expensive.”

a person who starts a business

“The entrepreneur opened a small design studio.”

money given by a government to support something

“A transport subsidy can lower commuting costs.”

a person’s job or type of work

“His occupation as a nurse keeps him busy every day.”

a job requiring special training

“She chose medicine as her profession after finishing university.”

businesses that produce a type of goods or services

“The automotive industry employs thousands of workers in this region.”

the process of making goods in factories

“Manufacturing has shifted to countries with lower labor costs.”

businesses that provide services rather than goods

“The service sector includes banking, retail, and healthcare.”

work done by people, especially physical work

“The company relies heavily on cheap labor overseas.”

all the people available for work

“The company's workforce grew rapidly after the merger.”

the state of not having a job while wanting one

“High unemployment rates affect the local economy.”

the process of finding workers for jobs

“The company's recruitment process takes several months.”

a move to a higher job position

“She received a promotion to manager after two years in the role.”

a person’s work life over time

“He built a successful career in finance over thirty years.”

a formal agreement for work or business

“Both companies signed a contract before starting the joint project.”

extra hours worked beyond the usual schedule

“He worked overtime last week to finish the project on time.”

money paid regularly after retirement

“She receives a monthly pension since retiring five years ago.”

the time when someone stops working because of age

“He's been looking forward to his retirement for years.”

the system where goods and services are bought and sold

“The market for smartphones continues to grow every year.”

the desire and ability to buy something

“There is high demand for nurses in hospitals nationwide.”

the amount of something available

“A sudden drop in supply caused the price of coffee beans to rise.”

an increase in size, value, or activity

“The company reported steady growth in sales over the past year.”

a period when the economy becomes weaker

“Many businesses closed during the recession of 2008.”

to give someone paid work

“The factory used to employ hundreds of workers from the surrounding villages.”

to give someone a job

“The restaurant decided to hire two more waiters for the summer season.”

to leave a job formally

“She decided to resign after receiving a better offer elsewhere.”

to stop working, usually because of age

“My uncle plans to retire next spring after thirty years at the factory.”

to make goods in large quantities

“The factory plans to manufacture electric cars starting next year.”

to make or create goods

“The factory can produce over a thousand cars every month.”

to buy or use goods and services

“Consumers consume less during times of economic hardship.”

to try to be more successful than others

“Companies compete with each other to attract the best customers.”

to become larger or wider

“The company plans to expand into three new markets next year.”

to become smaller, weaker, or less

“Sales declined sharply after the product recall.”

working the normal total number of hours

“She works full-time at the hospital from Monday to Friday.”

working fewer than normal full hours

“He works part-time as a tutor on weekends.”

lasting for a limited time

“She took a temporary job while waiting for her permanent position.”

lasting for a long time or without a fixed end

“After years of temporary contracts, she finally got a permanent position.”

having training or ability for work

“The factory needs more skilled workers to operate the machines.”

done with the hands or physical effort

“Manual labor in construction requires physical strength and skill.”

trying to be more successful than others

“The competitive market forces companies to improve their products.”

making more money than it costs

“The profitable business generated significant returns for investors.”

producing a lot or working effectively

“A productive team completed the project two weeks early.”

able to change according to needs

“Our workplace offers flexible hours so employees can balance work and family.”

not likely to change suddenly

“The company has a stable workforce that rarely changes.”

not officially organized or recorded

“Many people work in the informal economy without official contracts.”