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
• Industrialists: 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

Extracted From

MacKenzie, I. (2002). English for Business Studies: A course for Business Studies and Economics students (2nd ed.). Cambridge University Press.