@learn_with_lorna: Topic - Economy 1. Cost of living = The amount of money people need to pay for basic things such as food, housing, transport, and healthcare. 2. Economic growth = An increase in the amount of goods and services produced by a country’s economy over time. 3. Inflation = A general increase in prices, which means money becomes less valuable and people can buy fewer things with the same amount of money. 4. Financial burden = Something that causes financial difficulty or puts pressure on someone’s finances. 5. Disposable income = The money people have left to spend or save after paying taxes and other essential expenses. 6. Standard of living = The level of comfort and quality of life that people have, often measured by factors such as income, housing, healthcare, and education. 7. Income inequality = The unequal distribution of money and income among different groups of people. 8. Government expenditure = The money that a government spends on things such as healthcare, education, infrastructure, and public services. 9. Tax revenue = The money collected by the government through taxes. 10. Consumer spending = The amount of money that individuals and households spend on goods and services. #studytok #StudyTips #ielts #ieltsvocab #new_vocabs

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Saturday 22 August 2026 17:39:52 GMT