Work & Economy

Work & Economy · View all words

0marked difficult
noun

employment

/ɪmˈplɔɪmənt/

paid work or the state of having a job

"Tourism creates employment in rural areas."

workjoboccupation
noun

income

/ˈɪnkʌm/

money earned from work or investment

"Higher income can improve living standards."

earningssalaryrevenue
noun

productivity

/ˌproʊdʌkˈtɪvəti/

the rate at which work is produced

"Flexible hours may increase productivity."

outputefficiencyperformance
noun

investment

/ɪnˈvestmənt/

money or effort used to gain future benefits

"Investment in education benefits the whole economy."

fundingsupportcapital
noun

consumer

/kənˈsuːmər/

a person who buys goods or services

"Online reviews influence consumer behavior."

buyercustomershopper
noun

inflation

/ɪnˈfleɪʃn/

a general rise in prices

"Inflation makes everyday goods more expensive."

price risecost increasedevaluation
noun

entrepreneur

/ˌɑːntrəprəˈnɜːr/

a person who starts a business

"The entrepreneur opened a small design studio."

business ownerfounderinnovator
noun

subsidy

/ˈsʌbsədi/

money given by a government to support something

"A transport subsidy can lower commuting costs."

grantsupportfunding
noun

occupation

/occupation/

a person’s job or type of work

"The teacher explained occupation during the work and economy lesson."

termideaconcept
noun

profession

/pɹəˈfɛʃən/

a job requiring special training

"The teacher explained profession during the work and economy lesson."

termideaconcept
noun

industry

/ˈɪndəstɹi/

businesses that produce a type of goods or services

"The teacher explained industry during the work and economy lesson."

termideaconcept
noun

manufacturing

/ˌmænjʊˈfækt͡ʃəɹɪŋ/

the process of making goods in factories

"The teacher explained manufacturing during the work and economy lesson."

termideaconcept
noun

service sector

/service sector/

businesses that provide services rather than goods

"The teacher explained service sector during the work and economy lesson."

termideaconcept
noun

labor

/ˈleɪ.bɚ/

work done by people, especially physical work

"The teacher explained labor during the work and economy lesson."

termideaconcept
noun

workforce

/workforce/

all the people available for work

"The teacher explained workforce during the work and economy lesson."

termideaconcept
noun

unemployment

/ʌn.ɪmˈplɔɪ.mənt/

the state of not having a job while wanting one

"The teacher explained unemployment during the work and economy lesson."

termideaconcept
noun

recruitment

/recruitment/

the process of finding workers for jobs

"The teacher explained recruitment during the work and economy lesson."

termideaconcept
noun

promotion

/pɹəˈməʊʃən/

a move to a higher job position

"The teacher explained promotion during the work and economy lesson."

termideaconcept
noun

career

/kəˈɹɪə/

a person’s work life over time

"The teacher explained career during the work and economy lesson."

termideaconcept
noun

contract

/ˈkɒntɹækt/

a formal agreement for work or business

"The teacher explained contract during the work and economy lesson."

termideaconcept
noun

overtime

/ˈoʊvɚˌtaɪm/

extra hours worked beyond the usual schedule

"The teacher explained overtime during the work and economy lesson."

termideaconcept
noun

pension

/ˈpɛnʃ(ə)n/

money paid regularly after retirement

"The teacher explained pension during the work and economy lesson."

termideaconcept
noun

retirement

/ɹəˈtaɪə(ɹ).mənt/

the time when someone stops working because of age

"The teacher explained retirement during the work and economy lesson."

termideaconcept
noun

market

/ˈmɑːkɪt/

the system where goods and services are bought and sold

"The teacher explained market during the work and economy lesson."

termideaconcept
noun

demand

/dɪˈmɑːnd/

the desire and ability to buy something

"The teacher explained demand during the work and economy lesson."

termideaconcept
noun

supply

/səˈplaɪ/

the amount of something available

"The teacher explained supply during the work and economy lesson."

termideaconcept
noun

growth

/ɡɹəʊθ/

an increase in size, value, or activity

"The teacher explained growth during the work and economy lesson."

termideaconcept
noun

recession

/recession/

a period when the economy becomes weaker

"The teacher explained recession during the work and economy lesson."

termideaconcept
verb

employ

/employ/

to give someone paid work

"Students can employ effectively in a work and economy context."

useapplyperform
verb

hire

/hire/

to give someone a job

"Students can hire effectively in a work and economy context."

useapplyperform
verb

resign

/resign/

to leave a job formally

"Students can resign effectively in a work and economy context."

useapplyperform
verb

retire

/retire/

to stop working, usually because of age

"Students can retire effectively in a work and economy context."

useapplyperform
verb

manufacture

/manufacture/

to make goods in large quantities

"Students can manufacture effectively in a work and economy context."

useapplyperform
verb

produce

/pɹəˈdjuːs/

to make or create goods

"Students can produce effectively in a work and economy context."

useapplyperform
verb

consume

/consume/

to buy or use goods and services

"Students can consume effectively in a work and economy context."

useapplyperform
verb

compete

/compete/

to try to be more successful than others

"Students can compete effectively in a work and economy context."

useapplyperform
verb

expand

/expand/

to become larger or wider

"Students can expand effectively in a work and economy context."

useapplyperform
verb

decline

/decline/

to become smaller, weaker, or less

"Students can decline effectively in a work and economy context."

useapplyperform
adjective

full-time

/full time/

working the normal total number of hours

"The word full-time is useful in a work and economy answer."

clearusefulrelated
adjective

part-time

/part time/

working fewer than normal full hours

"The word part-time is useful in a work and economy answer."

clearusefulrelated
adjective

temporary

/temporary/

lasting for a limited time

"The word temporary is useful in a work and economy answer."

clearusefulrelated
adjective

permanent

/permanent/

lasting for a long time or without a fixed end

"The word permanent is useful in a work and economy answer."

clearusefulrelated
adjective

skilled

/skilled/

having training or ability for work

"The word skilled is useful in a work and economy answer."

clearusefulrelated
adjective

manual

/ˈman.j(ʊ)əl/

done with the hands or physical effort

"The word manual is useful in a work and economy answer."

clearusefulrelated
adjective

competitive

/competitive/

trying to be more successful than others

"The word competitive is useful in a work and economy answer."

clearusefulrelated
adjective

profitable

/profitable/

making more money than it costs

"The word profitable is useful in a work and economy answer."

clearusefulrelated
adjective

productive

/pɹəˈdʌktɪv/

producing a lot or working effectively

"The word productive is useful in a work and economy answer."

clearusefulrelated
adjective

flexible

/ˈflɛk.sə.bəl/

able to change according to needs

"The word flexible is useful in a work and economy answer."

clearusefulrelated
adjective

stable

/ˈsteɪ.bəɫ/

not likely to change suddenly

"The word stable is useful in a work and economy answer."

clearusefulrelated
adjective

informal

/informal/

not officially organized or recorded

"The word informal is useful in a work and economy answer."

clearusefulrelated