Vocabulary I

Listen, read and remember. Use a dictionary to translate the phrases

Economic terms

interest rate

exchange rate

inflation rate

labour force

tax incentives

turnover

profit

market share

wholesale trade

retail outlet

Example:

I'm pleased to say the company turnover rose by 5% to $57.2 million.

Example:

We are a highly competitive business. We have increased our market share to 20%.

Complete the sentences with the words and phrases above

a) The amount of money a company receives from sales in a particular period is called its {input: turnover}.

b) The money a company makes after taking away its costs is its {input: profit}.

c) The percentage of sales a company has in a particular market is its {input: market share}.

d) The cost of borrowing money, expressed as a percentage over a particular period is called {input: interest rate}.

e) By following a tight monetary policy the government has reduced the {input: inflation rate}.

f) In order to stimulate the economy the government is offering new {input: tax incentives}.

g) The last six months has seen a slight improvement in the {input: exchange rate} against the dollar.

h) A large skilled {input: labour force} means there could be attractive investment opportunities over the next five years.