Economic Theory

noun a division into two branches or parts

• The river's bifurcation created two separate streams flowing in different directions.
• The road's bifurcation confused me, I didn't know which way to go.
• I hate this stupid bifurcation, it's so annoying!
• The decision to leave his job marked a bifurcation in his career path.

noun a person who is averse to change and holds traditional values

adjective holding to traditional attitudes and values and cautious about change or innovation, typically in relation to politics or religion

• The Conservative party won the majority in the recent election.
• My dad is a Conservative and always votes for the same party.
• Some people think being Conservative means you're old-fashioned.
• Her approach to investing is very Conservative, preferring low-risk options.

noun the act of diverging or moving in different directions

verb to separate and go in different directions

• The two scientific theories began to diverge as new evidence was discovered.
• Our opinions on the movie diverge quite a bit, but that's what makes discussions interesting.
• I can't believe how much our tastes in music diverge - we have nothing in common!
• Their paths in life started to diverge, leading them in different directions.

noun a male given name of Latin origin, meaning 'bean grower' or 'bean farmer'

• Fabian is a diligent employee who always completes his tasks on time.
• I heard Fabian is throwing a party this weekend, are you going?
• Fabian is so chill, he's always down for whatever.
• Fabian's ideas are like a breath of fresh air in our brainstorming sessions.

noun a territory or sphere of influence controlled by a particular person or group

• The nobleman ruled over his fiefdom with absolute authority.
• The boss treats this department like his own little fiefdom.
• She's the queen of her social media fiefdom.
• The tech giant's dominance in the industry created a digital fiefdom.

noun a person or thing regarded as perfect or most suitable

adjective a quality or characteristic that is regarded as perfect or most suitable

• The ideal candidate for the job must possess strong communication skills and relevant experience.
• An ideal weekend for me would involve sleeping in and watching movies all day.
• My ideal hangout spot is that new cafe downtown with the best coffee in town.
• In a perfect world, everyone would have the ideal work-life balance.

adjective describing something that is not done or communicated directly, but through a third party or intermediary

• The report highlighted the indirect impact of climate change on global food security.
• She gave me an indirect answer when I asked about her plans for the weekend.
• He was being super shady and indirect about where he got the money from.
• Her indirect approach to problem-solving often leads to creative solutions.

noun a property of matter by which it continues in its existing state of rest or uniform motion unless acted upon by an external force

• The law of inertia states that an object at rest will remain at rest unless acted upon by an external force.
• I just can't seem to get going in the mornings, it's like I have morning inertia.
• I've been feeling so lazy lately, like I have major inertia to do anything.
• The company's inertia in adapting to new technology is holding them back from staying competitive in the market.

noun a person who is not logical or reasonable

adjective not logical or reasonable

• His fear of flying was completely irrational, as statistics show it is one of the safest modes of transportation.
• Irrational fears can really hold you back from trying new things.
• Stop being so irrational, dude. There's no need to freak out over a little spider.
• Her irrational decision to quit her job without having another one lined up left her in a difficult situation.

noun a political and social philosophy that promotes individual rights, freedom of speech, and equality

• Liberalism is a political philosophy that emphasizes individual rights and freedoms.
• Some people think liberalism is all about being open-minded and progressive.
• Liberalism is all about letting people do their own thing.
• In the garden of political ideologies, liberalism is like a blooming flower of freedom.

noun a person who advocates for individual freedom and limited government intervention

adjective related to or characteristic of libertarianism

• The libertarian candidate advocated for smaller government and individual freedoms.
• My friend considers himself a libertarian because he believes in personal liberty.
• I heard some people call themselves 'libertarian' just to sound cool.
• In a world where rules are strict, being a libertarian thinker can feel like swimming against the current.

noun a part or portion of a whole

adjective existing only in part; incomplete

• The research study only provided a partial analysis of the data.
• I only have a partial understanding of the instructions.
• I'm only halfway there, just got a partial grasp on the concept.
• Her partial commitment to the project hindered its progress.

adjective not restricted or limited in any way; unrestricted

• In an unconstrained market, prices are determined solely by supply and demand.
• I love the feeling of being unconstrained by rules or regulations.
• She's living her best life, totally unconstrained by anyone else's opinions.
• His creativity knows no bounds, it is truly unconstrained.

adjective able to be contested or disputed

• The validity of the evidence presented in court is highly contestable.
• It's up for debate whether or not he actually won the contestable.
• Some people think the whole thing is totally contestable.
• Her position as team captain is contestable, as others believe they could do a better job.

noun a political, economic, and social movement based on ecological economics and anti-consumerist ideas

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The concept of degrowth challenges the traditional economic model of continuous growth.
• Some people believe that degrowth is necessary to address environmental issues.
• I heard that degrowth is all the rage among eco-conscious folks.
• In order to truly thrive, society must embrace the idea of degrowth and prioritize sustainable practices.

noun a portmanteau of 'producer' and 'consumer'

• The prosumer is a key player in the modern economy, producing and consuming goods and services.
• My friend is a prosumer - always making things and buying things online.
• I consider myself a prosumer, always on the lookout for the latest gadgets and trends.
• In the digital age, we have all become prosumers, constantly creating and consuming content online.

noun the relationship between cause and effect; the principle that everything has a cause

• The study aimed to investigate the causality between smoking and lung cancer.
• I'm curious about the causality behind her sudden decision to quit her job.
• I don't understand the whole causality thing with why he broke up with her.
• The artist explored the causality of emotions in her abstract painting.

noun a political and economic policy advocating free markets, deregulation, privatization, and reduction in government spending

adjective relating to or characteristic of the policies associated with Margaret Thatcher, the former Prime Minister of the United Kingdom

• Thatcherism was a political ideology associated with British Prime Minister Margaret Thatcher.
• Some people still debate the impact of Thatcherism on the UK economy.
• I'm not a fan of that whole Thatcherism thing.
• The rise of individualism in society can be seen as a result of Thatcherism.

noun a word that represents a person, place, thing, or idea

adjective a word that describes or gives more information about a noun

adverb a word that modifies or describes a verb, adjective, or another adverb

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• The concept of 'addition latente' refers to the latent addition of certain elements.
• I'm still trying to wrap my head around the idea of 'addition latente'.
• I don't get this whole 'addition latente' thing, it's too complicated.
• The 'addition latente' of creativity to a project can really make it stand out.