Economic Terms And Concepts

noun refers to a group of individuals in society who are not considered to be part of the elite or upper class

• The government should prioritize policies that benefit the common people.
• Common people like us just want to live a comfortable life.
• Hey, the common folk are just trying to make ends meet.
• In the grand scheme of things, the common people hold the power.

adjective large in size, amount, or extent; significant

• The company experienced a considerable increase in profits last quarter.
• There was a considerable amount of food left over from the party.
• I have a considerable amount of homework to do tonight.
• The artist's painting contained considerable depth and emotion.

noun a small or insignificant amount

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

• The amount of money raised was just a drop in the bucket compared to what is needed for the project.
• Donating a few dollars here and there is just a drop in the bucket for the charity.
• Throwing a couple of bucks into the donation jar is like a drop in the bucket for this cause.
• His apology was just a drop in the bucket after all the hurtful things he said.

verb to load or burden (a ship, truck, or other vehicle) with goods for transportation

adjective carrying or transporting a load of goods

adverb in a manner that involves loading or transporting goods

• The ship was freighted with goods bound for overseas markets.
• The truck was freighted with all our camping gear for the weekend.
• We freighted the package with care to make sure it arrived safely.
• His words were freighted with emotion as he spoke about his lost loved one.

noun a long walk or walking tour

verb to walk a long distance, especially for pleasure or exercise

• The group went on a hike through the national park to observe the local wildlife.
• Let's go for a hike up that trail, it's supposed to have a great view at the top.
• I'm feeling like going on a hike this weekend, want to join me?
• She knew she had a long hike ahead of her to reach her career goals.

noun an estimate or judgment that is too high

verb to estimate or judge something as greater than it actually is

• It is important not to overestimate the impact of this new policy.
• Don't overestimate how much fun we'll have at the party.
• You're really overestimating how easy it is to fix a car.
• She tends to overestimate her own abilities and ends up disappointed.

noun a person, place, thing, or idea

adjective describes a noun or pronoun

• The job market is tough right now, so many recent graduates are facing slim pickings when it comes to finding employment.
• I went to the grocery store late in the evening, and there were slim pickings left in the produce section.
• I checked out the clearance section at the mall, but it was slim pickings for anything decent.
• After the first round of auditions, the casting director told the actors that it was slim pickings for lead roles in the upcoming play.

verb the action of making or becoming weaker

• The economic indicators are showing signs of weakening, which is a cause for concern.
• I think our team's performance is weakening as the season goes on.
• Dude, have you noticed how much his game is weakening lately?
• The bond between them was weakening, and soon they drifted apart.