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English 21 Public

ielts vocab

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a need for something to be sold or supplied

Demand for sth

15

a situation in which a business spends more money than it earns

Loss

15

a method of paying for goods or services at a later time, usually paying interest as well as the original money

Credit

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the activity of selling goods to the public, usually in shops

Retail

15

to begin to have, use, or do something

Take on

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relating to people who work in offices, doing work that needs mental rather than physical effort

White collar

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a product that you sell in another country, or the business of sending goods to another country in order to sell them there

Exports

15

a period when the economy of a country is not successful and conditions for business are bad

Recession

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the ordinary workers in a factory, or the place where they work

Shop floor

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an industry that manufactures goods rather than producing raw materials, or these industries considered as a group

Secondary industries

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an amount of something produced by a person, machine, factory, country, etc

Output

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the use of machines and computers that can operate without needing human control

Automation

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an industry that provides a service for people but does not result in the production of goods

Service industries

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the total amount by which money spent is more than money received

Deficit

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a general, continuous increase in prices

Inflation

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an occasion when a company stops employing someone, sometimes temporarily, because the company does not have enough money or enough work

Lay off

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