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L/S 3Economics vocab
Listening & Speaking 3 Economics Vocab
| Term | Definition | Used in a sentence |
|---|---|---|
| micro | very small | In the world of economics, her company producing gold smiley faces used on miniature brown schnauzers dog collars was concerned _____economics. |
| capital | money, property, etc., that is used to start or operate a business ▪ Does he have the capital to start a new business? | ▪ Does he have the _____ to start a new business? |
| (to) key | to enter (information) by using the keys of a computer, typewriter, etc. | ▪ The cashier _____ed each price into the cash register. |
| consumer | a person who buys goods and services | ▪ Many _____ are still not comfortable making purchases on the Internet. |
| business sector | In economics, the _____ _____ or corporate sector is "the part of the economy made up by companies". | The analysis of the _____ _____ indicated slow growth in the future of the economy. |
| resources | something that a country has and can use to increase its wealth | ▪ Oil is essentially their only resource. |
| livestock | farm animals (such as cows, horses, and pigs) that are kept, raised, and used by people | ▪The stockyard is very busy when it is time for the weekly _____ auction. |
| entrepreneur | a person who starts a business and is willing to risk loss in order to make money | Roger is an _____. |
| Talk shop | to talk about business or work matters at a social event (where such talk is out of place). | All right, everyone, we're not here to _____ _____. |
| bean counter | A person, such as an accountant or financial officer | Every good company needs at least one good _____ _____. |
| scope | the area that is included in or dealt with by something | We want to widen the _____ of the study. |
| entity | something that exists by itself : something that is separate from other things | ▪ One division of the company was broken off as a separate entity. |
| GDP | (gross domestic product)the total value of the goods and services produced by the people of a nation during a year not including the value of income earned in foreign countries | The president said that the country had to increase its ___. |
| positive analysis | The study of economics based on objective analysis.(facts) | in a _____ _____ more people liked Brand A than Brand B. |
| Normative analysis | It is the study or presentation of "what ought to be" rather than what actually is. | In a _____ _____ , students that like chocolate felt that all teachers should give candy to students. |
| devil's advocate | a person who expresses an opinion that disagrees with others so that there will be an interesting discussion about some issue | ▪ Teachers often play_____ _____ to provoke discussion in the classroom. |
| gratification/ gratify | o do or give whatever is wanted or demanded by (someone or something) | He's only concerned with _____ing his own desires |
| policy | balancing facts and opinions | Is it good _____ to give students candy for right answers? |
| logo | a symbol that is used to identify a company and that appears on its products. | Everyone knows the Nike logo. |
| macro | anything very large in scale, scope, or capability. | What is the _____economics of the nation? |
Created by:
wwabbit
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