Economy & Business
B1 words for economy, business, and commerce
Overview
14 B1-level words for economy, business, and commerce.
Words
afford /əˈfɔːd/
verb — B1
Meaning: To incur, stand, or bear without serious detriment, as an act which might under other circumstances be injurious;—with an auxiliary, as can, could, might, etc.; to be able or rich enough.
Example:
- I think we can afford the extra hour it will take. We can only afford to buy a small car at the moment.
- They afforded last week.
Collocations: afford something, afford that, try to afford
charge /t͡ʃɑːd͡ʒ/
noun, verb — B1
Meaning: The amount of money levied for a service.
Example:
- There will be a charge of five dollars.
- She talked about the charge.
Collocations: the charge, a charge of, charge is important
consumer /kənˈsjuːmə/
noun — B1
Meaning: One who, or that which, consumes.
Example:
- The consumer is very important.
- She talked about the consumer.
Collocations: the consumer, a consumer of, consumer is important
Word family: consume (đt.) → consumer (dt.) → consumption (dt.)
deal /diːl/
noun — B1
Meaning: A division, a portion, a share.
Example:
- We gave three deals of grain in tribute to the king.
- She talked about the deal.
Collocations: the deal, a deal of, deal is important
economy /iːˈkɒn.ə.mi/
noun — B1
Meaning: Effective management of a community or system, or especially its resources.
Example:
- The economy is very important.
- Economy size.
Collocations: the economy, a economy of, economy is important
Word family: economy (dt.) → economic (tt.) → economics (dt.) → economist (dt.)
export /ˈɛks.pɔːt/
noun, verb — B1
Meaning: Something that is exported
Example:
- Oil is the main export of Saudi Arabia.
- She talked about the export.
Collocations: the export, a export of, export is important
Word family: export (đt./dt.) → exporter (dt.)
goods /ɡʊdz/
noun — B1
Meaning: The forces or behaviours that are the enemy of evil. Usually consists of helping others and general benevolence.
Example:
- The goods is very important.
- She talked about the goods.
Collocations: the goods, a goods of, goods is important
import /ˈɪm.pɔːt/
noun, verb — B1
Meaning: Something brought in from an exterior source, especially for sale or trade.
Example:
- The import is very important.
- She talked about the import.
Collocations: the import, a import of, import is important
Word family: import (đt./dt.) → importer (dt.) → importation (dt.)
invest /ɪnˈvɛst/
verb — B1
Meaning: To spend money, time, or energy on something, especially for some benefit or purpose; used with in.
Example:
- We’d like to thank all the contributors who have invested countless hours into this event.
- They invested last week.
Collocations: invest something, invest that, try to invest
Word family: invest (đt.) → investment (dt.) → investor (dt.)
loss /lɑs/
noun — B1
Meaning: The result of no longer possessing an object, a function, or a characteristic due to external causes or misplacement.
Example:
- In other areas, glacier loss creates serious risk of a dry period across the Third Pole, Wang said.
- She talked about the loss.
Collocations: the loss, a loss of, loss is important
Word family: lose (đt.) → loss (dt.) → lost (tt.) → loser (dt.)
profit /ˈpɹɒfɪt/
noun — B1
Meaning: Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
Example:
- The profit is very important.
- She talked about the profit.
Collocations: the profit, a profit of, profit is important
Word family: profit (dt./đt.) → profitable (tt.) → profitability (dt.)
property /ˈpɹɒp.ət.i/
noun — B1
Meaning: Something that is owned.
Example:
- Important types of property include real property (land), personal property (other physical possessions), and intellectual property (rights over artistic creations, inventions, etc.).
- She talked about the property.
Collocations: the property, a property of, property is important
supply /səˈplaɪ/
noun, verb — B1
Meaning: The act of supplying.
Example:
- supply and demand
- to supply money for the war
Collocations: the supply, a supply of, supply is important
Word family: supply (đt./dt.) → supplier (dt.)
trade /tɹeɪd/
noun, verb — B1
Meaning: Buying and selling of goods and services on a market.
Example:
- The trade is very important.
- This company trades (in) precious metal.
Collocations: the trade, a trade of, trade is important
Word family: trade (dt./đt.) → trader (dt.) → trading (dt.)
Quick Review
| Word | Type | Meaning |
|---|---|---|
| afford | v. | To incur, stand, or bear without serious detriment, as an act which might under other circumstances be injurious;—with an auxiliary, as can, could, might, etc |
| charge | n./v. | The amount of money levied for a service |
| consumer | n. | One who, or that which, consumes |
| deal | n. | A division, a portion, a share |
| economy | n. | Effective management of a community or system, or especially its resources |
| export | n./v. | Something that is exported |
| goods | n. | The forces or behaviours that are the enemy of evil |
| import | n./v. | Something brought in from an exterior source, especially for sale or trade |
| invest | v. | To spend money, time, or energy on something, especially for some benefit or purpose; used with in |
| loss | n. | The result of no longer possessing an object, a function, or a characteristic due to external causes or misplacement |
| profit | n. | Total income or cash flow minus expenditures |
| property | n. | Something that is owned |
| supply | n./v. | The act of supplying |
| trade | n./v. | Buying and selling of goods and services on a market |