Meaning: The process of returning to an earlier state.

Part of speech: noun

Example: The retrogression of the economy was concerning.

Category: Economics

Synonyms:

• decline
• reversion

Meaning: The currency of Russia.

Part of speech: noun

Example: The price is listed in Rubles.

Category: Economics › Currency

Synonyms: currency

Meaning: An area in the U.S. characterized by declining industry and population.

Part of speech: noun

Example: Many factories have closed in the rust belt.

Category: Economics

Synonyms: industrial decline area

Meaning: In short supply; not enough.

Part of speech: adjective

Example: Water is scarce in the desert.

Category: Economics

Synonyms:

• limited
• rare

Antonyms:

• abundant
• plentiful

Meaning: The state of being in short supply; lack of resources.

Part of speech: noun

Example: The scarcity of food led to higher prices.

Category: Economics

Synonyms:

• shortage
• deficiency

Meaning: The ability to provide for oneself without external assistance.

Part of speech: noun

Example: Living off the land promotes self-sufficiency.

Category: Economics

Synonyms:

• independence
• self-reliance

Antonyms: dependence

Meaning: Able to provide for oneself without external help.

Part of speech: adjective

Example: She is a self-sufficient individual who manages her own finances.

Category: Economics

Synonyms:

• independent
• self-reliant

Antonyms: dependent

Meaning: Able to maintain oneself without external assistance.

Part of speech: adjective

Example: The self-supporting project did not require any outside funding.

Category: Economics

Synonyms:

• self-sustaining
• independent

Meaning: A situation where there is not enough of something.

Part of speech: noun

Example: There was a short age of supplies during the crisis.

Category: Economics › Supply and Demand

Synonyms:

• scarcity
• deficiency

Meaning: A person who is stingy or miserly.

Part of speech: noun

Example: He's such a skinflint that he never tips.

Category: Economics

Synonyms:

• miser
• cheapskate

Antonyms: generous person

Meaning: Having little or no money.

Part of speech: adjective

Example: I'm skint until payday.

Category: Economics

Synonyms:

• broke
• penniless

Antonyms:

• wealthy
• rich

Meaning: Extremely high or elevated.

Part of speech: adjective

Example: The prices are sky-high this season.

Category: Economics › Pricing

Synonyms:

• elevated
• lofty

Antonyms:

• low
• depressed

Meaning: To rise rapidly or suddenly.

Part of speech: verb

Example: The stock prices skyrocketed after the announcement.

Category: Economics › Market Trends

Synonyms:

• soar
• surge

Antonyms:

• plummet
• drop

Meaning: To make something stable or steady.

Part of speech: verb

Example: They worked to stabilize the economy.

Category: Economics

Synonyms:

• secure
• steady

Antonyms: destabilize

Meaning: Not likely to change or fail; steady.

Part of speech: adjective

Example: The stable economy is a good sign.

Category: Economics

Synonyms:

• steady
• secure

Antonyms: unstable

Meaning: An economic condition of stagnant growth and high inflation.

Part of speech: noun

Example: The country faced stagflation during the recession.

Category: Economics

Synonyms:

• economic stagnation
• inflationary stagnation

Meaning: To stop developing or progressing.

Part of speech: verb

Example: The economy began to stagnate after the crisis.

Category: Economics

Synonyms:

• stop
• cease

Antonyms: develop

Meaning: The degree of wealth and material comfort available to a person or community.

Part of speech: noun

Example: The standard of living has improved in many countries.

Category: Economics › Living Conditions

Synonyms: quality of life

Meaning: A state of stability or inactivity

Part of speech: noun

Example: The economy is in a state of stasis.

Category: Economics

Synonyms:

• stability
• equilibrium

Antonyms:

• change
• flux

Meaning: Something that incites activity or energy in someone or something.

Part of speech: noun

Example: The new policy served as a stimulus for economic growth.

Category: Economics

Synonyms:

• incentive
• motivation

Meaning: The price or worth of something in a public market.

Part of speech: noun

Example: The street value of the item was much higher than expected.

Category: Economics

Synonyms:

• market value
• retail price

Meaning: To support financially, often by providing a grant or payment.

Part of speech: verb

Example: The government will subsidize public transportation.

Category: Economics

Synonyms:

• support
• fund

Meaning: A sum of money granted by the government to assist an industry or business.

Part of speech: noun

Example: Farmers receive a subsidy to help with their costs.

Category: Economics

Synonyms:

• grant
• financial aid

Meaning: To maintain or support oneself, especially at a minimal level.

Part of speech: verb

Example: They subsist on very little food.

Category: Economics

Synonyms:

• survive
• exist

Meaning: The action or fact of maintaining or supporting oneself, especially at a minimal level.

Part of speech: noun

Example: Their subsistence farming provides just enough food.

Category: Economics

Synonyms:

• survival
• existence

Meaning: An excessive amount of something.

Part of speech: noun

Example: The garden produced a super abundance of tomatoes this year.

Category: Economics › Resources

Synonyms:

• plenty
• overflow

Antonyms: scarcity

Meaning: An excessive amount of something; surplus.

Part of speech: noun

Example: The superfluity of options made it hard to choose.

Category: Economics › Resources

Synonyms:

• excess
• surplus

Meaning: The relationship between the availability of a product and the desire for it.

Part of speech: phrase

Example: Supply and demand affect market prices.

Category: Economics

Meaning: The part of the economy that produces goods and services.

Part of speech: noun

Example: Supply side economics focuses on boosting production.

Category: Economics

Synonyms:

• production side
• supply chain

Meaning: A workplace with poor working conditions and low wages.

Part of speech: noun

Example: Many clothes are made in sweat shops.

Category: Economics › Labor

Synonyms:

• exploitation
• factory

Meaning: Work done by individuals, often in the context of home-based or informal labor.

Part of speech: noun

Example: Sweater labour is common in many developing countries.

Category: Economics › Labor

Meaning: the sector of the economy that provides services

Part of speech: noun

Example: The tertiary industry includes healthcare and education.

Category: Economics › Industry

Synonyms:

• service sector
• tertiary sector

Meaning: An economy that is rapidly growing, often in reference to Asian countries.

Part of speech: noun

Example: The tiger economy of South Korea has shown impressive growth.

Category: Economics › Development

Meaning: To gradually pass from one level to a lower level.

Part of speech: verb

Example: The benefits of the policy will trickle down to the community.

Category: Economics › Wealth Distribution

Synonyms:

• cascade
• flow down

Meaning: Of little value; cheap.

Part of speech: adjective

Example: That two penny item isn't worth buying.

Category: Economics

Synonyms:

• cheap
• inferior

Antonyms: valuable

Meaning: Of little value; cheap.

Part of speech: adjective

Example: He bought a two-bit trinket at the market.

Category: Economics

Synonyms:

• cheap
• inferior

Antonyms: valuable

Meaning: Economic activity that is not regulated by the government.

Part of speech: noun

Example: Many people work in the underground economy to avoid taxes.

Category: Economics

Synonyms: shadow economy

Meaning: The state of being unsure or having doubts.

Part of speech: noun

Example: There is a lot of uncertainty in the market.

Category: Economics

Synonyms:

• doubt
• ambiguity

Antonyms:

• certainty
• confidence

Meaning: Not fully developed; lacking in growth or progress.

Part of speech: adjective

Example: The region remains underdeveloped due to lack of resources.

Category: Economics

Synonyms:

• backward
• primitive

Antonyms:

• developed
• advanced

Meaning: Having a job that does not utilize one's skills or abilities fully.

Part of speech: adjective

Example: Many graduates are underemployed and working in jobs unrelated to their degrees.

Category: Economics

Synonyms:

• underutilized
• misemployed

Antonyms: fully employed