Meaning: Having a lot of money; wealthy.

Part of speech: adjective

Example: The monied elite often influence politics.

Category: Economics › Finance

Synonyms:

• wealthy
• affluent

Antonyms: poor

Meaning: Relating to or characterized by a monopoly.

Part of speech: adjective

Example: The company faced accusations of monopolistic practices.

Category: Economics › Market Structures

Synonyms:

• exclusive
• dominating

Meaning: To obtain exclusive control of a commodity or service.

Part of speech: verb

Example: The company tried to monopolize the market.

Category: Economics › Market Structures

Synonyms:

• dominate
• control

Meaning: In a state of decline or near death.

Part of speech: adjective

Example: The moribund industry needed revitalization.

Category: Economics › Industry

Synonyms:

• dying
• declining

Antonyms:

• thriving
• flourishing

Meaning: To transfer a business or industry from private to state ownership.

Part of speech: verb

Example: The government decided to nationalise the railways.

Category: Economics

Synonyms: state ownership

Antonyms: privatise

Meaning: To make a business or industry state-owned.

Part of speech: verb

Example: The government plans to nationalize the energy sector.

Category: Economics

Synonyms: state ownership

Antonyms: privatize

Meaning: Materials or substances occurring in nature that can be used for economic gain.

Part of speech: noun

Example: Water is a vital natural resource.

Category: Economics

Synonyms: resource

Meaning: A sudden and steep decline.

Part of speech: noun

Example: The stock market took a nosedive last week.

Category: Economics

Synonyms:

• plunge
• drop

Meaning: An organization of oil-producing countries.

Part of speech: noun

Example: OPEC regulates oil production among its member countries.

Category: Economics

Synonyms: Organization of the Petroleum Exporting Countries

Meaning: A market where prices are determined by supply and demand.

Part of speech: noun

Example: The open market allows for fair competition.

Category: Economics

Synonyms: free market

Antonyms: closed market

Meaning: To impose too heavy a burden or tax on something.

Part of speech: verb

Example: The new regulations may overtax small businesses.

Category: Economics › Taxation

Synonyms:

• overburden
• overload

Antonyms: relieve

Meaning: The state or condition of being equal, especially in status or pay.

Part of speech: noun

Example: The company aims for pay parity among its employees.

Category: Economics › Equality

Synonyms: equivalence

Meaning: A small or insufficient quantity.

Part of speech: noun

Example: There was a paucity of evidence in the case.

Category: Economics

Synonyms:

• scarcity
• lack

Antonyms: abundance

Meaning: Economic benefits gained from a reduction in military spending.

Part of speech: noun

Example: The peace dividend allowed for more funding in education.

Category: Economics

Synonyms: economic benefit

Meaning: Extreme poverty.

Part of speech: noun

Example: He lived in penury after losing his job.

Category: Economics

Synonyms:

• destitution
• impoverishment

Antonyms:

• wealth
• affluence

Meaning: Per person; for each individual.

Part of speech: adverb

Example: The income per capita is rising.

Category: Economics

Meaning: U.S. dollars earned by countries through the export of oil.

Part of speech: noun

Example: The economy heavily relies on petrodollars.

Category: Economics › Finance

Synonyms: oil revenue

Meaning: The study of the relationship between politics and economics.

Part of speech: noun

Example: Political economy examines how policies affect economic outcomes.

Category: Economics

Synonyms:

• economics
• political analysis

Meaning: Having little money or few possessions.

Part of speech: adjective

Example: They lived in a poor neighborhood.

Category: Economics › Poverty

Synonyms:

• impoverished
• needy

Antonyms:

• rich
• wealthy

Meaning: A person or group that is less successful or wealthy compared to others.

Part of speech: noun

Example: He felt like the poor relation in the family.

Category: Economics › Social Status

Synonyms:

• underachiever
• lesser

Meaning: A place where the poor are provided with shelter and food.

Part of speech: noun

Example: In the past, many people lived in a poorhouse.

Category: Economics › Poverty

Synonyms:

• almshouse
• workhouse

Meaning: Relating to a society or economy that has moved beyond industrialization.

Part of speech: adjective

Example: Post-industrial cities often focus on technology and services.

Category: Economics

Synonyms: post-industrialized

Meaning: A rare, naturally occurring metallic element of high economic value.

Part of speech: noun

Example: Gold is a precious metal used in jewelry.

Category: Economics › Metals

Synonyms: noble metal

Meaning: A gemstone that is highly valued for its beauty and rarity.

Part of speech: noun

Example: Diamonds are considered precious stones.

Category: Economics › Gemstones

Synonyms:

• gemstone
• jewel

Meaning: having property or wealth

Part of speech: adjective

Example: The propertied class often influences politics.

Category: Economics

Synonyms:

• wealthy
• affluent

Antonyms:

• poor
• impoverished

Meaning: the state of being successful or thriving

Part of speech: noun

Example: Economic prosperity is important for a country.

Category: Economics

Synonyms:

• success
• wealth

Antonyms:

• poverty
• failure

Meaning: having success or wealth

Part of speech: adjective

Example: They live in a prosperous neighborhood.

Category: Economics

Synonyms:

• wealthy
• affluent

Antonyms:

• poor
• impoverished

Meaning: to raise or increase something

Part of speech: phrasal verb

Example: They put up the prices last month.

Category: Economics

Synonyms:

• raise
• increase

Meaning: A person who collects unwanted items, often for resale or recycling.

Part of speech: noun

Example: The rag-and-bone man came by to take our old furniture.

Category: Economics › Recycling

Meaning: To allocate a limited amount of something.

Part of speech: verb

Example: During the war, food was rationed to ensure everyone had enough.

Category: Economics

Synonyms:

• distribute
• allocate

Antonyms:

• waste
• excess

Meaning: The controlled distribution of scarce resources or goods.

Part of speech: noun

Example: Rationing was necessary during the war to ensure everyone had enough supplies.

Category: Economics

Synonyms:

• allocation
• distribution

Meaning: A period of economic decline.

Part of speech: noun

Example: The country faced a recession due to high unemployment.

Category: Economics

Synonyms:

• downturn
• decline

Antonyms:

• growth
• expansion

Meaning: Relating to a recession or economic decline.

Part of speech: adjective

Example: The recessional period affected many businesses.

Category: Economics

Synonyms:

• economic downturn
• declining

Antonyms:

• prosperous
• thriving

Meaning: Pertaining to a recession.

Part of speech: adjective

Example: Recessionary pressures can lead to job losses.

Category: Economics

Synonyms:

• economic
• declining

Antonyms:

• growing
• prosperous

Meaning: To distribute something again or in a different way.

Part of speech: verb

Example: The government plans to redistribute wealth to reduce inequality.

Category: Economics › Wealth Distribution

Synonyms:

• reallocate
• reassign

Meaning: The act of making something smaller or less.

Part of speech: noun

Example: The reduction in prices attracted more customers.

Category: Economics › Pricing

Synonyms:

• decrease
• diminution

Meaning: To inflate something again, especially an economy.

Part of speech: verb

Example: The government plans to reflate the economy after the recession.

Category: Economics › Macroeconomics

Synonyms:

• inflate
• revive

Meaning: To control or limit something.

Part of speech: phrasal verb

Example: The government needs to rein in inflation.

Category: Economics

Synonyms:

• control
• restrict

Meaning: Experiencing a revival or renewed activity.

Part of speech: adjective

Example: The resurgent economy is showing positive growth.

Category: Economics

Synonyms:

• reviving
• reawakening

Meaning: An index measuring the changes in retail prices over time.

Part of speech: noun

Example: The retail price index is used to track inflation.

Category: Economics

Synonyms: RPI