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Từ điển Oxford Learners Wordfinder Dictionary
economy




1 different economic systems
2 money
3 trade and industry
4 economic conditions

1 different economic systems
- the operation of a country's money supply, trade and industry: economy; connected with the economy of a country: economic
an improvement in the economy a successful economic policy economic problems
- the study of the way in which economies work: economics (noun U)
She studied economics at university.
- an expert in economics: economist
- the economic system in which individuals own and control businesses: capitalism (noun U); adjective: capitalist; a person who supports capitalism: capitalist
the capitalist system
- the economic system in which the state controls the economy of a country: socialism (noun U); adjective: socialist; a person who supports socialism: socialist
- an economic system in which some businesses are owned and controlled by the state, and other businesses are owned and run by individuals: mixed economy
- the operation of trade and business without government control: free enterprise (noun U), private enterprise (noun U)
- an economy where the government does not fix prices: free-market economy
※ political ideas POLITICS

2 money
- the means of paying for sth or buying sth: money (noun U)
- the system or kind of money that a country uses: currency
a strong currency plans for a single European currency
- connected with money, especially currencies: monetary
the Government's monetary policy
- money that you use to start a business or that you put in a bank, etc to make more money: capital (noun U)
- the management of money: finance (noun U); adjective: financial
to be in financial difficulties
- to reduce the value of the money of one country in relation to the value of money in another country: devalue sth; noun (C/U): devaluation
The pound has been devalued by 3% against the franc.
※ more on money MONEY
- the money that you have to pay to the government so that it can provide public services: tax (noun C/U)
to increase taxes
- the system by which a government takes money from people so that it can pay for services: taxation (noun U)
- to raise money through taxation: tax sb/sth
- a statement by the Government saying how much money it intends to spend and how it is going to collect the money: budget
- the government department that controls taxation and government spending: the Treasury
※ more on taxation TAX

3 trade and industry
- the amount of goods or services that people want: demand (for sth) (noun U)
- the amount of sth that businesses produce: supply (noun U)
- the level of demand that there is for a particular thing: market
There's not much of a market for wooden toys these days. The used car market has been declining for some years.
- the activity of buying and selling goods and services: business (noun U), commerce (noun U); adjective: commercial
- the work done in factories and large organizations: industry (noun C/U); adjective: industrial
the steel industry manufacturing industry industrial expansion
※ more on business and industry BUSINESS, INDUSTRY

4 economic conditions
- the total value of the goods and services bought and sold in an economy each year: gross national product (abbreviation GNP)(noun singular)
- a period in which an economy or a business grows or develops quickly: boom; verb: boom
There was a boom in the economy during the mid-1980s. Business is booming!
- to be financially successful: prosper; noun (U): prosperity; adjective: prosperous
The country is going through a period of prosperity. a prosperous company
- a failure in the business world: crash
the Wall Street crash of 1929
- a sudden fall in trade or the value of sth: slump; verb: slump
a slump in house prices The pound slumped against the German Mark.
- a period when a country's economy is not successful: recession (noun C/U); a very serious recession: depression (noun C/U)
The economy is moving out of recession. We're facing another depression.
- the general rise in prices in an economy: inflation (noun U); adjective: inflationary
Inflation is now under 2% per year. A reduction in interest rates could be highly inflationary.

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