The Business Cycle
Important Vocabulary
- Expectations: Beliefs about what will happen in the future
- Mortgage: Money borrowed to buy a house or flat or apartment
- Rent: Money paid for the use of a house or flat owned by somebody else
- Output: The amount of something produced by a company, a country, and so on
- Investment: Spending on new machines, factories, and so on
- Industrialist: Owners or managers of manufacturing companies
- Consumption: Spending on goods and services
- Lay off: To dismiss employees
- Demographic: Concerning the number of births, deaths, population movements, and so on
- Austerity: An absence of luxury and comfort
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More Important Vocabularies!
Extracted From:
MacKenzie, I. (2002). English for Business Studies: A course for Business Studies and Economics students (Second). Cambridge University Press.
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