Common TOEFL Vocabulary - economy
In this article, you will learn about 5 TOEFL® vocabulary words related to the economy topic. A good command of English vocabulary is extremely important in scoring well on all sections of the TOEFL®. We strongly recommend that you study these vocabulary words to prepare for the TOEFL® exam. While studying vocabulary words, you should write the words in a notebook, say the words and sentences many times, and try to create your own sentences using the words.
curb
/curb/ [k.er1.b] /kɝːb/ play_circle_filledkerb (UK) or curb (US) = the edge where a raised sidewalk or road median/central reservation meets a street or other roadway.
Two cars are parked along the curb.
A white Chevrolet I had never seen before stood at the curb across the street.
YVR Airport Pick Up Information Call 604-205-9610 AFTER you have collected all luggage to confirm your arrival, and you will be assigned your taxicab number. Your taxicab can usually be at the curb in 10 minutes or so from the time of your call, unless you are told otherwise. Please note that you will have to order another taxi if you are not at the curb when your taxi arrives. |
kerbside (UK) or curbside (US) = the area near where a road and the raised path next to it join
At the Burrard bus station, a row of buses sat idling along the curbside.
During the lockdowns, curbside pickup has emerged as many retailers' best strategy for long-term survival in the e-commerce age.
Now shop online and pick up your order from your local store without the wait or cost of shipping. Simply select your store, add items to your cart and select "contactless curbside pickup" at checkout. We'll notify you when your order is ready for pickup. |
currency
/cur-ren-cy/ [k.er1.ah0.n.s.iy0] play_circle_filledDefinition: monetary unit; cash
Example sentences:
- Most purchases in foreign countries must be made in the local currency.
inflation
/in-fla-tion/ [ih2.n.f.l.ey1.sh.ah0.n] play_circle_filledDefinition: A general increase in prices and fall in the purchasing value of money
Example sentences:
- In a downward inflation trend, salary expectations lag the decreases in inflation. In December he indicated that he was concerned about inflation and the excessive risk taking in the markets.
insolvent
/in-sol-vent/ [ih2.n.s.aa1.l.v.ah0.n.t] play_circle_filledDefinition: Unable to pay debts owed:
Example sentences:
- China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
- If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.
recession
/re-ces-sion/ [r.ih0.s.eh1.sh.ah0.n] /rɪˈseʃ.ən/ play_circle_filledDefinition: A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters
Example sentences:
- Economic recessions are predominantly the result of insufficient demand. As political economists have always emphasized, periodic recessions are endemic to capitalism.
TOEFL Vocabulary Training
Vocabulary Training Intro Paragraph
play_circle_outline Go To Training Plan