Meaning: The reduction of the general level of prices in an economy.

Part of speech: noun

Example: Deflation can lead to economic recession.

Category: Economics

Synonyms:

• decrease
• reduction

Antonyms: inflation

Meaning: Related to or causing deflation.

Part of speech: adjective

Example: Deflationary policies can impact economic growth.

Category: Economics

Meaning: Ridiculously small or inadequate.

Part of speech: adjective

Example: The raise was derisory compared to the cost of living.

Category: Economics

Synonyms:

• insignificant
• meager

Antonyms: substantial

Meaning: The former currency of Germany before the euro.

Part of speech: noun

Example: The Deutsch mark was replaced by the euro in 2002.

Category: Economics › Currency

Synonyms: DM

Meaning: The reduction or underestimation of the worth of something, especially currency.

Part of speech: noun

Example: The devaluation of the currency led to inflation.

Category: Economics

Synonyms:

• depreciation
• reduction

Meaning: To reduce the value of something, especially currency.

Part of speech: verb

Example: The government decided to devalue the national currency.

Category: Economics

Synonyms:

• depreciate
• diminish

Antonyms:

• appreciate
• increase

Meaning: Having advanced or matured to a high degree.

Part of speech: adjective

Example: The developed countries have higher living standards.

Category: Economics

Synonyms:

• advanced
• matured

Antonyms:

• underdeveloped
• primitive

Meaning: In the process of growth or advancement.

Part of speech: adjective

Example: Developing countries often face unique challenges.

Category: Economics

Synonyms:

• growing
• emerging

Antonyms:

• developed
• stagnant

Meaning: A region designated for economic growth and development.

Part of speech: noun

Example: The government invested in the development area to stimulate the economy.

Category: Economics

Synonyms:

• growth zone
• economic zone

Meaning: A point at which the level of profits or benefits gained is less than the amount of money or energy invested.

Part of speech: noun

Example: Investing more money in the project led to diminishing returns.

Category: Economics

Synonyms: law of diminishing returns

Meaning: An economic system where the government exerts strong control over the economy.

Part of speech: noun

Example: Dirigisme was prevalent in many post-war economies.

Category: Economics › Economic Systems

Meaning: Extremely poor; lacking basic necessities.

Part of speech: adjective

Example: They lived in a dirt-poor community with few resources.

Category: Economics › Poverty

Synonyms:

• impoverished
• destitute

Antonyms: wealthy

Meaning: A reduction in the rate of inflation.

Part of speech: noun

Example: The economy is experiencing disinflation.

Category: Economics

Synonyms:

• deceleration
• slowing

Antonyms:

• inflation
• increase

Meaning: The act of wasting or squandering resources.

Part of speech: noun

Example: The dissipation of funds led to the project's failure.

Category: Economics › Resource Management

Synonyms:

• waste
• squandering

Antonyms:

• conservation
• saving

Meaning: a decline or decrease in something.

Part of speech: noun

Example: The economy is experiencing a downswing.

Category: Economics

Synonyms: decline

Antonyms: upswing

Meaning: a decline in economic, business, or market conditions.

Part of speech: noun

Example: The downturn in sales affected the company's profits.

Category: Economics

Synonyms: decline

Antonyms: upturn

Meaning: The ability of an object to return to its original shape after being stretched.

Part of speech: noun

Example: The elasticity of the material makes it ideal for clothing.

Synonyms:

• flexibility
• adaptability

Antonyms:

• rigidity
• inflexibility

Meaning: Very small in size or amount.

Part of speech: adjective

Example: The exiguous resources made the project difficult.

Category: Economics

Synonyms:

• meager
• scanty

Antonyms:

• ample
• abundant

Meaning: Relating to policies that promote economic growth.

Part of speech: adjective

Example: The government implemented expansionary measures to boost the economy.

Category: Economics › Monetary Policy

Meaning: Refers to developed countries with advanced economies.

Part of speech: noun

Example: First world nations often have high living standards.

Category: Economics › Development

Meaning: Related to government revenue, especially taxes.

Part of speech: adjective

Example: The fiscal policy will affect the economy.

Category: Economics › Finance

Meaning: The movement of money from one place to another, often for investment.

Part of speech: noun

Example: The flight of capital can affect the economy.

Category: Economics

Synonyms: capital movement

Meaning: A former gold or silver coin used in Europe.

Part of speech: noun

Example: He found an old florin in the attic.

Category: Economics › Currency

Synonyms: coin

Meaning: The basic monetary unit of several countries, including France.

Part of speech: noun

Example: The price was listed in francs.

Category: Economics › Currency

Meaning: An economic system where private businesses operate in competition and are free from state control.

Part of speech: noun

Example: Free enterprise encourages innovation and growth.

Category: Economics

Synonyms:

• capitalism
• market economy

Antonyms: socialism

Meaning: An economic system where prices are determined by unrestricted competition between privately owned businesses.

Part of speech: noun

Example: The free market encourages innovation.

Category: Economics

Synonyms:

• capitalism
• market economy

Meaning: A person who advocates for free market policies.

Part of speech: noun

Example: As a free marketeer, he believes in minimal government intervention.

Category: Economics

Synonyms: capitalist

Meaning: A port where goods can be landed and stored without payment of duties.

Part of speech: noun

Example: The free port attracts international trade.

Category: Economics

Synonyms: duty-free port

Meaning: Gross Domestic Product, a measure of a country's economic performance.

Part of speech: noun

Example: The GDP of the country increased this year.

Category: Economics

Synonyms: economic output

Meaning: An excessive supply or abundance of something.

Part of speech: noun

Example: There was a glut of oranges in the market this season.

Category: Economics

Synonyms:

• surplus
• excess

Antonyms:

• scarcity
• shortage

Meaning: Gross National Product, a measure of a country's economic performance.

Part of speech: noun

Example: The GNP of the country has increased this year.

Category: Economics › Economic Indicators

Meaning: To decrease or lower.

Part of speech: verb

Example: The prices will go down next week.

Category: Economics

Synonyms:

• decrease
• drop

Antonyms:

• increase
• rise

Meaning: To increase or rise.

Part of speech: verb

Example: The prices will go up next month.

Category: Economics

Synonyms:

• increase
• rise

Meaning: The total value of all goods and services produced in a country.

Part of speech: noun

Example: The country's gross domestic product has increased this year.

Category: Economics › National Accounts

Synonyms: GDP

Meaning: The total value of all goods and services produced by a country's residents.

Part of speech: noun

Example: The gross national product reflects the economic health of a nation.

Category: Economics › National Accounts

Synonyms: GNP

Meaning: A former currency of the Netherlands.

Part of speech: noun

Example: The price was listed in guilders before the euro was introduced.

Category: Economics › Currency

Meaning: A former British gold coin worth 21 shillings.

Part of speech: noun

Example: He paid for the antique with a guinea.

Category: Economics › Currency

Meaning: Living with just enough money to survive, without savings.

Part of speech: adjective

Example: They lived a hand-to-mouth existence.

Category: Economics › Living Conditions

Synonyms:

• impoverished
• barely surviving

Meaning: An extremely high and typically accelerating inflation rate.

Part of speech: noun

Example: Hyperinflation can lead to a collapse of the economy.

Category: Economics › Inflation

Meaning: Having little or no money.

Part of speech: adjective

Example: He was an impecunious artist struggling to make ends meet.

Category: Economics

Synonyms:

• poor
• indigent

Antonyms:

• wealthy
• affluent