20 New Words With Meaning And Sentences

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20 New Words With Meaning And Sentences

20 New Words With Meaning And Sentences

New Words With Meaning & Sentences

  1. Austerity– a period of decreased spending and increased economic activity characterized by measures to reduce public expenditure. Eg- The government introduced austerity measures in an attempt to reduce the deficit.
  2. Bailout– a rescue of a company or country by other companies or countries. Eg- The government was forced to bail out the bank after it ran into financial difficulties.
  3. Budget Deficit– an excess of expenditure over revenue in a particular period, typically one year.Eg- The government has run up a budget deficit of £5 billion.
  4. Currency Devaluation– a reduction in the value of the currency concerning other currencies. Eg- exports become cheaper and imports more expensive following currency devaluation.
  5. Economic Growth– an increase in the number of goods and services produced by an economy over time.Eg- The economy is forecast to grow by 3% this year.
  6. Employment Rate/Unemployment Rate- the percentage of people in employment/unemployment respectively.Eg- The employment rate is currently at its highest level since 1971.
  7. Inflation Rate– the percentage increase in the prices of goods and services in an economy over time.Eg- Inflation fell from 3% last month to 2% this month.
  8. Legal Tender– coins or banknotes that must be accepted as payment for debts.Eg – Coins minted before 1947 are no longer legal tender in the UK.
  9. National Debt/Public Debt -the amount of money owed by central and local governments respectively.Eg -The national debt currently stands at £1 trillion.
  10. A Recession is a -a period during which there is a general slowdown in economic activity. Eg -The recession lasted for two years from 2008 to 2010.
  11. Redundancy -the state of being unemployed because one’s job has ceased to exist or because one is surplus to requirements.Eg -He was made redundant when his company closed down.
  12. A Rescue Package is -a set of measures designed to improve the financial situation of a company or country. Eg -The government has unveiled a £20 billion rescue package for the banking sector.
  13. Sir Mervyn King -the outgoing governor of the Bank of England. Eg -In an interview with the BBC, Sir Mervyn King said that the economy was showing signs of recovery.
  14. Spending Review -a periodic examination of government spending, typically conducted by an independent body. Eg -A spending review is due to be announced later this month.
  15. Trade Deficit/Trade Surplus -a situation in which imports exceed exports (deficit), or vice versa (surplus).
  16. Vat (Value Added Tax) -a tax levied on the sale of goods and services, typically at each stage in production rather than on final sale only.
  17. Wage Freeze -a measure taken by employers to prevent wages from increasing, typically as a result of inflationary pressure s
  18. Write Down-(of shares or other assets) be revalued at a lower figure than their original cost or carrying value
  19. Quantitative Easing-(of a central bank) increases the money supply by buying government securities
  20. Double Dip Recession- A situation where there are two successive periods of negative economic growth separated by a brief period of positive growth.”

 

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