Economics Vocabulary

noun the difference between the nominal value of coin and that for which it is exchanged

• The investment firm charged a premium agio for their services.
• I had to pay an extra agio for expedited shipping on my order.
• They tacked on an agio fee for last-minute changes to the reservation.
• She always seems to have an agio on her opinions, making them more valuable to others.

noun the state or quality of being intricate or complicated

adjective complex

• The project's success was hindered by the complexity of the tasks involved.
• I didn't realize the complexity of the situation until I started working on it.
• Dealing with the complexity of relationships can be tough sometimes.
• The artist's painting captured the complexity of human emotions beautifully.

noun a period of time during which events or phenomena recur in the same sequence

verb to ride a bicycle or motorcycle

• The water cycle is a crucial process for maintaining life on Earth.
• I like to go for a cycle around the park in the evenings.
• I'm going to hop on my bike and go for a cycle around the block.
• The cycle of life and death is a natural part of existence.

noun the arrangement of something across a space or area

• The distribution of goods to various retail stores is carefully managed by the logistics team.
• They're handling the distribution of the new merchandise to all the stores in the area.
• The distribution of the products is being taken care of by the shipping guys.
• The distribution of responsibilities within the team is crucial for smooth operation.

noun a force that stimulates change or progress within a system or process

adjective relating to or characterized by constant change, activity, or progress

• The company's success can be attributed to its dynamic leadership team.
• She's such a dynamic speaker, always keeping the audience engaged.
• That new video game is so dynamic, I can't stop playing it.
• The dynamic relationship between the two characters drives the plot forward.

noun a place where people live; residence or dwelling

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 government is implementing new policies to address the affordable housing crisis.
• I'm thinking about moving to a new housing complex downtown.
• I crashed at my friend's housing last night after the party.
• Education is the key that unlocks the door to better housing opportunities.

verb to spend time doing nothing; to be inactive

adjective not working or active; unemployed or doing nothing

• The machine remained idle for hours due to a technical malfunction.
• He was just idling around the house all day.
• Stop being so idle and get to work!
• Her mind wandered into idle thoughts during the boring meeting.

noun the act of linking or the state of being linked

• The linkage between economic growth and technological innovation is well-documented.
• I don't understand the linkage between diet and exercise for weight loss.
• There's a strong linkage between those two artists - they collaborate on everything.
• The author used the character's necklace as a symbolic linkage to her past.

adjective serving or intended to prohibit or forbid something

• The cost of the new equipment was prohibitive for the small business.
• I can't afford to go on that trip, it's just too prohibitive.
• The price of those shoes is so prohibitive, I'll have to pass.
• The time commitment required for the project was prohibitive, so I had to decline.

adjective relating to, measuring, or measured by the quantity of something

• The research study utilized quantitative data analysis to measure the impact of the intervention.
• I prefer using quantitative methods in my research because they provide more concrete results.
• I'm all about those numbers, so I stick to quantitative research methods.
• In the realm of business, success is often measured in quantitative terms such as revenue and profit margins.

noun a slang term for the British pound sterling

• Could you please clarify the quid pro quo arrangement between our two companies?
• Do you know what's the quid for helping out with this project?
• I'm not doing it unless there's some quid in it for me.
• His reputation is his quid in this industry.

noun a return to a former or less developed state

verb to return to a former or less developed state

• The patient's condition began to regress after stopping the medication.
• I feel like my progress is starting to regress in this class.
• If you keep skipping practice, your skills will regress for sure.
• As the project deadline approached, the team's productivity seemed to regress instead of progress.

noun a stock of a resource from which a person or place can be provided with the necessary amount of that resource

verb to provide something that is needed or wanted

• The company ensures a steady supply of raw materials to meet production demands.
• I need to go to the store to pick up some supplies for the party.
• I'll hit up my friend to see if he can supply us with some snacks for the road trip.
• Laughter is the best supply of joy in life.

verb to impose a tax on (someone or something)

• The government taxed the citizens based on their income levels.
• I heard they taxed the heck out of that new luxury car.
• Man, they really taxed us for those concert tickets.
• The stress of work really taxed her mental health.