anything that binds, fastens, or restrains
The government's attempt to break the bonds of poverty is making strides.
components
a part of a whole of something
The English course has three components: literature analysis, grammar and writing.
confidence
belief in one's abilities
She lacked confidence to pursue a career in medicine.
converted
to cause something or someone to change in form
The tourists converted their American dollars into Euros.
deflation
drop in prices of goods and services
There was a sharp deflation in automobile prices.
demand
the desire to purchase, coupled with the power to do so
The demand for the talking doll was high during the Christmas holiday.
employment
a job paying a salary or wages
He was laid off from his job and is not looking for employment.
gauging
to appraise, estimate, or judge
A poll was conducted to gauge the people's interest in the new product.
inflation
a rise in prices and lowering of currency's value
The inflation was so bad that milk cost three times as much.
integral
necessary to make a whole complete; essential or fundamental
He grew up in a farming community and within a very large family, so living simply was integral to his life philosophy.
interest
money which is charged by a bank or other financial organization for borrowing money
The bank charged 15% interest rate for the loan.
liquidity
the ability or ease with which assets can be converted into cash
She likes to buy gold because if its liquidity.
macroeconomics
the study of national economies macroeconomics deals with the performance, structure, and behavior of a national economy as a whole.
microeconomics
the study of types of businesses in an economy, rather than the overall economy microeconomics studies how individuals, households, and firms make decisions to allocate limited resources.
prescriptive
saying exactly what must happen, especially by giving an instruction or making a rule
Most teachers feel the school's policy on homework is too prescriptive.
resources
a useful or valuable possession or quality of a country, organization or person
The company's resources are its hard working employees.
robust
having physical vigor, energetic good health
Even at the age of 70, he is robust and plays golf every day.
scarcity
a very small or limited amount of something
There is a scarcity skilled workers in the country.
scope
the limits or range of something
Statistics is outside the scope of my math knowledge.
stock market
a particular market where stocks and bonds are traded
A stock market is a market for the trading of company stock.
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