Business & Economics Vocabulary

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

306 words · Page 5 of 6

ramification GRE

A complex or unwelcome consequence of an action or event.

ranching TOEFL

The activity or business of managing or operating a ranch, typically involving raising livestock.

recession GRE TOEFL

A period of temporary economic decline during which trade and industrial activity are reduced.

redress SAT GRE TOEFL

Compensation or remedy for a wrong or grievance.

redundancy GRE

The state of being unnecessary or superfluous; often refers to job termination due to excess staffin...

reliance SAT GRE TOEFL IELTS

Dependence on someone or something for support, supply, or success.

rely IELTS

To depend on someone or something for support, help, or supply.

remarkable TOEFL IELTS

Worthy of attention; extraordinary or unusual.

remunerative GRE TOEFL

Providing financial gain; profitable or well-paid.

reservoir SAT TOEFL

A large artificial lake used to store water; also, a source or supply of something.

resource SAT TOEFL IELTS

A source or supply from which benefit is gained, such as materials or information.

responsibility TOEFL IELTS

A duty or task that one is required or expected to do.

resumption SAT GRE

The act of beginning or taking up again after interruption.

retailer GRE TOEFL

A person or business that sells goods directly to consumers.

retrench SAT GRE

To reduce expenses or make cutbacks; to adopt a more restrained approach.

revenue GRE IELTS

Income generated from business activities, taxes, or other sources.

risky TOEFL IELTS

Having a high chance of resulting in failure or danger.

rival TOEFL IELTS

A person or group competing against another for the same objective; competitor.

rivalry TOEFL IELTS

The state of being competitors; a competition between rivals for superiority.

rout TOEFL

A decisive defeat in battle or competition; a disorganized retreat.

sagacity TOEFL

The quality of being discerning, intelligent, and wise.

sanction SAT GRE TOEFL

Official permission or approval; or a penalty imposed to enforce compliance.

scarce TOEFL IELTS

Very limited in quantity or availability; not enough to meet demand.

scholarship TOEFL IELTS

Financial aid awarded to students based on academic or other achievements, or the pursuit of knowled...

scrutinize GRE TOEFL

To examine or inspect something closely and thoroughly.

segment GRE TOEFL IELTS

A distinct part or section of something, such as a circle, market, or organism.

shrewd SAT GRE TOEFL

Having sharp judgment and keen insight, especially in business or politics.

shrinkage SAT TOEFL

The process or amount of something shrinking, especially fabric or inventory.

sinecure SAT GRE TOEFL

A position requiring little or no work but giving financial benefit; originally referred to a church...

slump GRE

A sudden or significant decrease, especially in business or economic activity; or a slouched posture...

solicit GRE TOEFL

To ask for or seek to obtain something, often through persistent request. Can refer to seeking busin...

stability TOEFL IELTS

The state of being steady, balanced, or unchanging; firmness in position or character.

stall TOEFL IELTS

A small booth or stand for selling goods; also means to delay or hesitate.

stock GRE IELTS

The supply of goods available in a shop or warehouse, or the total number of things, especially anim...

stratagem SAT

A clever plan or scheme designed to turn a situation to one's advantage, often in warfare or competi...

strike TOEFL IELTS

To hit forcibly; to cease work as a form of protest; a sudden or impressive action.

subsidy GRE TOEFL

Financial support given by a government to help an industry or business keep prices low.

superior TOEFL IELTS

Better in quality, skill, or status; higher in rank or position.

surging TOEFL

Rising or increasing rapidly and forcefully.

surmount SAT GRE TOEFL

To successfully overcome a difficulty or obstacle.

sustain GRE TOEFL IELTS

To maintain or keep something going over time; to support or endure.

tackle TOEFL IELTS

To deal with or attempt to solve a problem or task; also, a physical move to stop someone in sports.

tango GRE

A type of passionate dance of Argentine origin; also refers to a style of music for this dance.

tariff GRE TOEFL

A tax imposed on imported or exported goods.

tarry GRE TOEFL

To delay or linger in a place; to wait around.

transaction GRE TOEFL IELTS

An instance of buying or selling something; a business deal or exchange.

treaty IELTS

A formally agreed-upon and signed agreement between countries or parties, especially for peace or tr...

tribe TOEFL IELTS

A social division in a traditional society consisting of families or communities linked by social, e...

turnpike TOEFL

A toll road, typically a long highway maintained with revenue from tolls.

ultimatum SAT TOEFL IELTS

A final demand or statement of terms, the rejection of which will result in retaliation or withdrawa...

unconscionable SAT GRE

Not guided by conscience; excessively unfair or unjust.

underlie SAT TOEFL

To lie beneath or form the basis of something.

undertaking TOEFL IELTS

An arduous or important task or project; a pledge or promise to fulfill a task.

underwater TOEFL

Beneath the surface of the water; also refers to a financial situation where a loan exceeds the valu...

underwrite SAT

To finance or support a venture; in insurance, to assume the risk and issue a policy.

undifferentiated TOEFL

Not developed into distinct or separate parts or types; lacking distinction.

unwitting GRE

Not aware of the full facts; unintentionally involved in something.

urbanization TOEFL

The process by which rural areas become cities, resulting in urban growth.

vanquish GRE TOEFL IELTS

To defeat completely in a contest, conflict, or competition.

venture TOEFL IELTS

An undertaking involving risk, often a business project.

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