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/ˌiː.kəˈnɒm.ɪk ɡrəʊθ/
noun
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The increase in the production of goods and services in an economy over time, measured by the expansion of economic output, income, and investment.
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The country's economic growth has been remarkable over the past decade.
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expansion, development, progress
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recession, decline, stagnation
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/ˈæf.lu.əns/
noun
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A state of having a great deal of money; wealth and prosperity.
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His affluence is evident in his luxurious lifestyle.
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wealth, prosperity, opulence
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poverty, scarcity, destitution
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/ˌɒn.trə.prəˈnɜː.ri.əl/
adjective
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Having the characteristics of an entrepreneur; showing initiative and willingness to undertake new ventures.
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Her entrepreneurial mindset led to the launch of a successful startup.
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business-minded, innovative, risk-taking
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unambitious, conventional, risk-averse
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/daɪˌvɜː.sɪ.fɪˈkeɪ.ʃən/
noun
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The process of a business expanding into different product lines or markets to spread risk and reduce dependence on a single source of income.
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The company's diversification strategy reduced financial risks.
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variation, expansion, multiplication
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uniformity, specialization, homogeneity
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/ˌmæk.rəʊ.iː.kəˈnɒm.ɪk/
adjective
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Relating to macroeconomics or the large-scale or general economic factors, such as interest rates and national productivity.
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Macroeconomic policies influence inflation and employment rates.
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global economic, structural, national
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microeconomic, localized, sectoral
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/ˌkæp.ɪ.təl.aɪˈzeɪ.ʃən/
noun
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The provision of capital for a company or the total value of a company's shares.
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The startup secured significant capitalization from investors.
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investment, funding, asset utilization
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bankruptcy, insolvency, undercapitalization
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/ˌpraɪ.və.taɪˈzeɪ.ʃən/
noun
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The transfer of ownership of a business, enterprise, agency, or public service from the public sector to the private sector.
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The privatization of public enterprises led to improved efficiency.
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deregulation, market liberalization, commercialization
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nationalization, public ownership, socialization
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/ˈreɡ.jʊ.lə.tər.i/
adjective
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Having the power to control or govern something through rules and regulations.
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The government enforces regulatory policies for financial stability.
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supervisory, controlling, administrative
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unregulated, deregulated, unrestricted
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/kənˈɡlɒm.ər.ət/
noun
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A large corporation made up of a number of different companies that operate in different markets.
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The conglomerate owns companies in multiple industries.
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corporation, multinational, business empire
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independent business, startup, small-scale enterprise
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/ˈbjʊə.rə.krə.si/
noun
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A system of government in which most of the important decisions are made by state officials rather than by elected representatives.
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The complex bureaucracy delayed the approval process.
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administration, officialdom, red tape
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efficiency, flexibility, decentralization
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/ˌsʌbsɪdaɪˈzeɪʃən/
noun
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The action of supporting an organization or activity financially.
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The government's subsidization of agriculture helped farmers.
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funding, financial aid, grant
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withdrawal, taxation, self-funding
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/ɪnˈfleɪ.ʃə.ner.i/
adjective
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Causing or characterized by inflation of prices.
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Excessive money supply can lead to an inflationary economy.
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price-raising, expansionary, costly
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deflationary, recessionary, stabilizing
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/fɪˈduː.ʃi.er.i/
adjective, noun
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Involving trust, especially with regard to the relationship between a trustee and a beneficiary.
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Bankers have a fiduciary duty to protect customers' investments.
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trustee, guardian, custodian
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untrustworthy, irresponsible, fraudulent
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/ˈmʌn.ɪ.tri/
adjective
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Relating to money or currency.
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The central bank controls the monetary policy of a country.
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fiscal, financial, capital-related
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non-financial, barter-based, material
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/ˌvɒl.əˈtɪl.ɪ.ti/
noun
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Liability to change rapidly and unpredictably, especially for the worse.
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The stock market's volatility makes investment risky.
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instability, fluctuation, unpredictability
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stability, consistency, predictability
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/rɪˈmɪt.əns/
noun
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A sum of money sent in payment or as a gift.
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The country's economy benefits from expatriate remittance .
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money transfer, payment, wire transfer
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withholding, non-payment, default
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/lɪkˈwɪd.ə.ti/
noun
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The availability of liquid assets to a market or company.
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A business must maintain liquidity to cover expenses.
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cash flow, solvency, convertibility
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illiquidity, frozen assets, insolvency
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/əˌmɔːr.tɪˈzeɪ.ʃən/
noun
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The process of paying off a debt with a fixed repayment schedule in regular installments.
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The bank offers low-interest amortization plans.
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debt repayment, depreciation, installment
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accumulation, indebtedness, default
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/kənˈsʌmp.ʃən/
noun
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The using up of a resource or the amount of a product consumed by consumers.
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High energy consumption leads to increased electricity bills.
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utilization, expenditure, usage
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conservation, preservation, saving
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/ˌiː.kəˈnɒm.ɪk dɪˈspær.ɪ.ti/
noun
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The unequal distribution of income and opportunity between different groups in society.
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Addressing economic disparity is crucial for social stability.
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wealth gap, income inequality, financial divide
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economic equality, uniformity, fairness
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