Business & Economics Vocabulary

Vocabulary words related to business & economics that appear on standardized tests including GRE, SAT, TOEFL, and IELTS.

306 words · Page 2 of 6

commercialize TOEFL

To make something suitable for mass-market sale or profit.

commodity SAT GRE TOEFL

A raw material or primary agricultural product that can be bought and sold.

company IELTS

The state of being with someone else; also, a business organization.

compensate SAT GRE TOEFL IELTS

To provide financial or other forms of payment for loss, damage, or services rendered.

compensation TOEFL IELTS

Something given to make up for loss, harm, or suffering, often monetary payment.

competition TOEFL IELTS

An event or situation where people strive to win; rivalry for superiority.

competitive SAT IELTS

Showing a strong desire to win or be the best; involving rivalry.

competitor SAT TOEFL IELTS

A person or organization taking part in a contest or business rivalry.

comply GRE TOEFL IELTS

To act in accordance with a demand, rule, or request.

compromise GRE TOEFL IELTS

An agreement reached by mutual concessions; to reduce the quality or nature of something in order to...

conditioning TOEFL IELTS

The process of training or adapting someone or something to behave or function in a certain way.

conglomerate GRE TOEFL

A large corporation made up of many smaller companies, or a heterogeneous mixture.

constrain TOEFL

To restrict or limit by force or authority.

contemptible SAT GRE TOEFL

Worthy of scorn or disdain; despicable.

contention GRE TOEFL

A point advanced or maintained in an argument. Can also refer to heated disagreement or competition.

contest GRE IELTS

A competition between individuals or teams to determine a winner. Can also mean to dispute or challe...

cornucopia SAT GRE

A symbol of abundance, often represented as a horn overflowing with food; a large supply of somethin...

corollary SAT GRE

A direct consequence or result that follows from a theorem or fact.

counter IELTS

A flat surface at a business where transactions occur; also, an opposing force or argument.

counterpart SAT GRE TOEFL

A person or thing fulfilling a role similar to another's in a different context.

countervail SAT

To oppose or balance a force, influence, or effect; to act as a counterbalance.

craft TOEFL IELTS

An art, trade, or occupation requiring skill, especially in making handmade objects.

creditor TOEFL

A person or organization to whom money is owed.

crippling TOEFL

Causing severe damage or impairment, often to the point of dysfunction.

crisis IELTS

A time of intense difficulty or danger, often requiring urgent action.

currency TOEFL IELTS

A system of money used in a country or region; also refers to the state of being current or in use.

customer TOEFL IELTS

A person who buys goods or services from a shop or business.

debase SAT GRE

To debase means to reduce in quality or value, or to make something unworthy or lower in status.

debtor TOEFL

A person or organization that owes money to another.

defeat TOEFL IELTS

To win a victory over someone in a contest, conflict, or competition.

deficit GRE TOEFL IELTS

A shortage or lack, especially in finances where spending exceeds income.

defunct GRE

No longer existing or functioning; inactive or obsolete.

deliberate GRE TOEFL IELTS

Done consciously and intentionally; also refers to careful and thorough consideration.

demise SAT GRE TOEFL

Demise refers to the end or death of a person, organization, or system.

denomination SAT GRE TOEFL

A recognized religious group or a value marked on currency.

depreciate SAT GRE TOEFL

To decrease in value over time, often due to wear or market conditions. It can also mean to belittle...

depreciation SAT TOEFL IELTS

The reduction in value of an asset over time, often used in accounting. It can also refer to a decre...

depression SAT TOEFL IELTS

A mental health disorder characterized by persistent sadness and loss of interest. It can also refer...

detection GRE

The act of discovering or identifying the presence of something, often something hidden or not obvio...

diplomat SAT

A government official who represents their country abroad and conducts diplomatic negotiations.

disclose GRE TOEFL

To reveal or make known something that was previously secret or unknown.

discontent TOEFL

Dissatisfaction with one's circumstances or with society in general.

diversification TOEFL

The process of becoming more varied or of spreading into different areas, often used in business or ...

dividend GRE

A number to be divided by another number; a payment made to shareholders from a company's profits.

dole IELTS

Government-provided financial assistance to the unemployed or needy. Can also refer to the act of di...

dominant SAT GRE TOEFL

Most influential, prevailing, or controlling in a particular context. In genetics, refers to a trait...

downtown TOEFL IELTS

The central business or commercial district of a town or city.

economic IELTS

Relating to the production, distribution, and consumption of goods and services.

education TOEFL IELTS

The process of receiving or giving systematic instruction, especially at a school or university.

effrontery SAT GRE

Shameless boldness or audacity, often in a disrespectful way.

egregious SAT GRE TOEFL

Outstandingly bad or shocking.

eliminate SAT GRE TOEFL IELTS

To remove or get rid of something, or to exclude from consideration or competition.

elimination TOEFL IELTS

The act of removing or getting rid of something; often used in competition or waste processing.

embargo SAT GRE

An official ban on trade or other commercial activity with a particular country.

embassy TOEFL IELTS

The official residence or offices of an ambassador, typically in a foreign country.

embryonic GRE TOEFL

In an initial stage of development; not yet fully formed or developed.

enclave GRE

A distinct area or territory surrounded by a larger one, often culturally or politically.

endow TOEFL

To provide with a quality, ability, or financial gift, especially for a long-term purpose.

endowment TOEFL

A financial gift or property donated to an institution, especially to generate ongoing income.

enterprise TOEFL IELTS

A project or undertaking, especially one that is bold or complex; a business organization.

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