Business vocabulary

Common Business Vocabulary

Deficit

• Meaning: The total amount by which money spent is more than money received

Lucrative

• Meaning: Producing a lot of money; profitable

Commodity

• Meaning: A substance or product that can be traded, bought, or sold in large quantities

Inflation

• Meaning: A general, continuous increase in prices, causing a reduction in the value of money

Merger

• Meaning: The joining of two or more companies to make one larger company

Annual

• Meaning: Happening once a year

Wage

• Meaning: Is the money that someone is paid every week by their employer

Earning

• Meaning: Is the total amount of money you earn from the job you do

Biannual

• Meaning: Happening twice a year

Billboard

• Meaning: Signboard for advertising posters

Scarcity

• Meaning: A very small supply of resources; a lack of something