The Economy 경제 관련 단어 영영풀이

[The Economy 경제 관련 단어 영영풀이]

 

bank

noun : a place that keeps and lends money

need

noun : something one must have

want

noun : a thing you would like to have but do not need to live

 

borrow

verb : to take something with the promise that you will return it later

borrower

noun : a person who takes something with the promise of returning it later

consumer

noun : one who buys or rents goods or services and uses them

credit

noun : an arrangement by which someone can use goods or services with the promise of future payment; the goods or services used in such an arrangement

debt

noun : something, usually money, that is owed to someone else

demand

noun : the need or desire for a good or service among people who can pay for it

earn

verb : to receive money in exchange for work; to gain as a result of effort

economic

adjective : related to buying and selling of goods and services

economy

noun : the circulation of money in industry, trade, and finance in a country or area

financial

adjective : of or relating to matters dealing with money

goods

noun : things that can be bought and sold to satisfy people's wants and needs

government

noun : a group of people who have the power to make and enforce laws for a country or area

interest

noun : money paid by a borrower for the use of loaned money

investor

noun : a person, company, or organization that buys something or puts money into a business hoping to make a profit

lend

verb : to let a person or business have money and pay it back later

loan

noun : something that is lent, or borrowed, for a certain amount of time

loss

noun : the amount of money lost when costs are more than earnings

mortgage

noun : a loan to buy a house, usually paid back every month for fifteen to thirty years

production

noun : the process of making and providing goods and services for people to buy

profit

noun : the money earned from a business or investment after all costs are paid

salary

noun : a fixed amount of money received for work, usually calculated per year

services

noun : jobs that people do for other people, usually in return for pay

statement

noun : a listing of deposits and withdrawals made to and from a bank account

stock

noun : certificates, or shares, of ownership in a corporation

unemployment

noun : the state of being out of work

wages

noun : regular payments earned by a worker that are based on the amount of time worked

wealth

noun : richness; having a lot of money

 

depression

noun : a long or severe slowing down or failing of the economy

entrepreneur

noun : a person who starts and operates his or her own business

foreclosure

noun : the act of taking back property from someone who fails to make the required mortgage payments

inflation

noun : a general rise in the price level of goods and services

interest rate

noun : the monthly amount of money paid on borrowed money (or received on money lent)

recession

noun : a slowdown in a country's economic production lasting six months or longer

shareholder

noun : a person who owns part of a company

social justice

noun : the state or principle of equal economic, political, and social rights and opportunities for every human being