Economics Terms

noun the amount of money taken by a film or play at the box office

• The movie's success at the box office exceeded all expectations.
• Did you hear how much money that movie made at the box office?
• That movie was a total box office hit!
• Her performance in the play was like a box office sensation, drawing in huge crowds.

noun a cooperative enterprise or organization

adjective relating to or shared by all the members of a group

• The collective effort of the team led to the successful completion of the project.
• Let's pool our collective resources to throw a great party.
• Our squad has some serious collective talent on the basketball court.
• The collective wisdom of the elders guided the community through tough times.

noun a corporation consisting of several companies or divisions in different industries

verb to gather into a single whole; to unite into a single mass or body

• The conglomerate acquired several smaller companies to expand its market reach.
• That conglomerate owns a bunch of different businesses, like restaurants and clothing stores.
• The conglomerate is like the big boss in the business world.
• The conglomerate of ideas in his mind formed a powerful solution to the problem.

noun a collection or mixture of various things

adjective conglomeration can also be used as an adjective to describe something characterized by a conglomeration

• The conglomeration of companies is expected to result in increased market dominance.
• The conglomeration of all these different snacks is making it hard to choose what to eat.
• That conglomeration of people at the party was wild!
• The conglomeration of thoughts in her mind made it difficult to focus on one task at a time.

adverb as a result or effect; therefore

conjunction connecting word showing cause and effect

• The company faced a financial crisis, and consequently, had to lay off several employees.
• I forgot to set my alarm clock, consequently, I overslept and was late for work.
• I didn't study for the test, so consequently, I totally bombed it.
• She ignored the warning signs, and consequently, found herself in hot water.

noun the act of consuming something

verb to eat, drink, or use up something

• It is important to monitor the amount of food we consume each day.
• I can't believe how much junk food I consume when I'm stressed.
• I consume way too much caffeine to stay awake during late-night study sessions.
• Her passion for music consumes her every waking moment.

verb to practice frugality or efficiency in the use of resources

• The company is economizing by implementing cost-cutting measures.
• We're economizing by cooking at home instead of eating out.
• I'm trying to save money by economizing on unnecessary expenses.
• She's economizing her time by delegating tasks to others.

adjective describing something that has little to no friction, making movement or progress smooth and effortless

• The new software update promises to make the user experience more frictionless.
• With this new app, online shopping will be totally frictionless.
• This new gadget is so smooth, it's like living in a frictionless world.
• Their relationship was once full of conflict, but now it's become more frictionless.

noun the money received for work done or services rendered

verb to give someone money that is owed for work done or for a debt

• Employees are required to pay their taxes on time.
• Don't forget to pay your bills before the due date.
• I'll pay you back for the concert tickets, I promise.
• Success often requires a willingness to pay the price of hard work and dedication.

noun a label showing the price of an item for sale

• The price tag on the designer dress was quite high.
• I couldn't believe the price tag on that new phone!
• The price tag on those sneakers is way too steep for me.
• She realized the emotional price tag of holding onto past grudges.

adjective strong and able to withstand or overcome adverse conditions

• The company's robust financial performance led to increased investor confidence.
• His robust health allowed him to enjoy outdoor activities without any limitations.
• That car has a robust engine under the hood, it's a beast on the road.
• The team's robust defense was like a brick wall, impossible for the opponents to break through.

adjective not equal in quantity, size, or value

• The distribution of resources in the country is highly unequal.
• The pay gap between the two employees is unequal.
• The playing field is not level, it's unequal.
• The power dynamics in the relationship were unequal, with one person always in control.

noun Global apartheid refers to the unequal treatment and segregation of people on a global scale based on factors such as race, ethnicity, or socioeconomic status.

adjective Global is relating to or involving the whole world.

• The concept of global apartheid refers to the unequal distribution of resources and opportunities among different countries.
• Global apartheid is like when some countries have everything and others have almost nothing.
• It's messed up how global apartheid keeps certain countries in poverty while others thrive.
• The divide between the rich and poor nations can be seen as a form of global apartheid.

noun a person who benefits from something without paying for it

• The free rider problem occurs when individuals benefit from a public good without contributing to its costs.
• Don't be a free rider and make sure to pitch in for the group project.
• Stop being a free rider and start pulling your weight.
• In life, being a free rider will only get you so far before people catch on to your actions.

verb to increase in speed or rate

adjective increasing in speed or rate

• The company is focusing on accelerating its production process to meet the increasing demand.
• She's really accelerating in her new job, picking up tasks quickly and efficiently.
• I'm accelerating through this book, can't put it down!
• His heart was accelerating with excitement as he waited for the results.

noun a native or inhabitant of Afghanistan

adjective relating to Afghanistan or its people, language, or culture

• The afghani is the official currency of Afghanistan.
• I exchanged my dollars for afghanis before my trip to Kabul.
• Let's grab some kebabs with extra afghanis on the side.
• The afghani culture is rich in history and tradition.