Business & Economics Vocabulary

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

306 words · Page 4 of 6

irrigate SAT GRE TOEFL

To supply land with water by artificial means, typically to help crops grow.

layoff IELTS

The temporary or permanent termination of employment for economic or business reasons.

ledger GRE

A book or digital record of financial transactions, typically used in accounting.

liability GRE IELTS

A legal responsibility or financial debt; something that puts one at a disadvantage.

liquidate SAT GRE

To convert assets into cash, often by selling them; to close a business and settle its debts.

livestock TOEFL

Domestic animals raised on a farm for profit, such as cattle or sheep.

locally TOEFL

In or to a particular area or neighborhood; at a local level.

lucrative SAT GRE TOEFL IELTS

Lucrative describes something that produces a great deal of profit or financial gain.

manifesto SAT GRE

A public declaration of policies, goals, or intentions, often issued by a political group or organiz...

march TOEFL IELTS

To walk with regular, measured steps, often in a group as a sign of protest or ceremony.

medal GRE

A small, usually metal disk bearing a design, awarded as a prize, honor, or commemorative object.

memo TOEFL

A brief written message, typically sent internally in a business or organization.

memorandum TOEFL

A written note or communication, often formal, used in business or diplomacy.

mercantile SAT TOEFL

Relating to trade, commerce, or merchants; commercial.

merger TOEFL

The act of combining two or more companies, organizations, or things into one.

millionaire TOEFL IELTS

A person who possesses wealth amounting to one million or more units of currency.

monetary SAT TOEFL

Relating to money or currency.

monolithic GRE

Large, powerful, and often rigid or impersonal; composed of a single material or unified element.

monopoly SAT GRE TOEFL IELTS

The exclusive control or ownership of a particular market or service.

negotiable SAT GRE IELTS

Capable of being discussed or bargained over; also means transferable, especially for a financial in...

nepotism GRE

The practice of favoring relatives or friends, especially by giving them jobs, in business or politi...

neutral SAT GRE TOEFL IELTS

Not supporting either side in a conflict, debate, or competition. It can also refer to a color lacki...

niche GRE TOEFL

A specialized segment or position, often in a market or ecosystem.

offshore TOEFL IELTS

Located or operating away from the coast, especially out at sea or in a foreign country with favorab...

opposed TOEFL IELTS

In disagreement or competition with something; resistant.

opposition TOEFL IELTS

Resistance, argument, or competition against something or someone.

organically TOEFL

In a way that avoids synthetic inputs, especially in agriculture; also used to describe something gr...

oust SAT TOEFL

To force someone out of a position or place.

output TOEFL IELTS

The amount of something produced by a person, machine, or process.

outstrip SAT GRE

To move faster than or surpass in development or achievement.

overtax TOEFL

To tax excessively; to impose too much demand on someone or something.

partner IELTS

A person with whom one associates, especially in a business, relationship, or activity.

patron TOEFL IELTS

A person who supports a business, artist, cause, or organization, often financially.

patronage GRE TOEFL IELTS

The support given to a person, organization, or cause, especially financial support or the custom of...

patronize SAT

To support a person, organization, or business by buying goods or services; also, to speak or act to...

pecuniary SAT TOEFL

Relating to money or financial matters.

perseverance SAT TOEFL IELTS

The quality of continuing to try despite difficulties or setbacks.

persuade SAT TOEFL IELTS

To cause someone to do something by reasoning or argument.

pivot GRE TOEFL

To turn or rotate on a central point; also, a crucial change in strategy or direction.

plumbing TOEFL

The system of pipes, tanks, and fixtures used for water supply and waste disposal in a building.

plummet SAT GRE

To fall sharply or rapidly; a sudden, dramatic drop.

ply GRE

To engage in a trade or business; also, to carry on a regular service, or to work with something ste...

pocketbook TOEFL

A small bag used to carry money and personal items; also, a person's financial resources.

presidency TOEFL

The office or term of a president, especially of a country or organization.

probe SAT GRE TOEFL IELTS

A thorough investigation or a physical device used to explore or examine.

profit IELTS

Financial gain obtained when revenue exceeds expenses.

projection SAT TOEFL IELTS

An estimate or forecast of a future situation; an extension or image thrown forward.

proposition IELTS

A statement or assertion that expresses a concept or belief; a suggestion or offer for consideration...

proprietor TOEFL IELTS

A person who owns or manages a business or property.

proprietorship TOEFL IELTS

A form of business ownership in which one individual owns and operates the business, assuming full f...

prospectus SAT GRE

An official document providing details about an investment, business, or educational institution for...

prosper TOEFL

To be or become successful, especially financially; to thrive.

prosperity GRE TOEFL IELTS

The state of being prosperous; financial success or good fortune.

prosperous GRE TOEFL IELTS

Flourishing financially; successful and rich.

protectionist TOEFL

Favoring trade policies that restrict imports to protect domestic industries.

provincial SAT GRE

Relating to a region outside the capital or cultural center; also means unsophisticated.

provision GRE TOEFL

A supply of something, especially food; also means a stipulation in a legal document.

pry GRE IELTS

To inquire too closely into someone else's private affairs; to use force to open something.

quarterly SAT TOEFL

Occurring every three months; financial or statistical reports issued four times a year.

racket IELTS

A loud, unpleasant noise; also refers to an illegal or dishonest business scheme.

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