🍁🍁🍁🍁 9 collocations on the topic “Economics” for IELTS Speaking & Writing.

🤩 Interest rate: The proportion of a loan that is charged as interest to the borrower.

🔴Example: The central bank has raised the interest rate to control inflation.

🤩 Financial stability: The ability of the financial system to withstand shocks without falling into crisis.

🔴 Example: The regulator plays a key role in maintaining financial stability.

🤩 Income gap: The disparity between the rich and the poor.

🔴 Example: Policymakers are struggling to reduce the growing income gap.

🤩 Trade deficit: The amount by which a country’s imports exceeds the value of its exports.

🔴 Example: The country has been running a trade deficit for the past five years.

🤩 Budget surplus: A period when income or receipts exceed outlays or expenditures.

🔴 Example: The government has announced a budget surplus for the third consecutive year.

🤩 Capital flight: A large-scale exodus of financial assets and capital from a nation due to events such as political or economic instability, currency devaluation or the imposition of capital controls.

🔴 Example: The political unrest has led to a major capital flight.

🤩Price index: A measure that examines the weighted average of prices of a basket of consumer goods and services.

🔴 Example: The consumer price index is used to measure inflation.

🤩 Labor force: The total number of people employed or seeking employment in a country or region.

🔴 Example: The size of the labor force often influences a country’s economic potential.

🤩 Currency devaluation: The deliberate downward adjustment of the value of a country’s currency relative to another currency, group of currencies, or standard.

🔴 Example: Currency devaluation can make exports cheaper and boost economic growth.

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