Economic vs. free goods Unit 2. Vocabulary 1 chlorinated water economic goods lead TO sth. cost be...
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Transcript of Economic vs. free goods Unit 2. Vocabulary 1 chlorinated water economic goods lead TO sth. cost be...
Economic vs. free goods
Unit 2
Vocabulary 1 chlorinated water economic goods lead TO sth. cost be customary to do
sth.=commonly practised associate sth. WITH sth. value forgo=abstain from, give up v. identify n. identification IN relation TO sth.
identifiable opportunity cost the result OF sth. include sth. accounting cost out-of-pocket
=unbudgeted and paid for in cash
understate=to state that sth. too low
in economic terms free goods available
Vocabulary 2 sufficient=enough amount to satisfy demands true – truly surface be unfit FOR sth.= not to
be suitable for sth. except habitation=living raise-raised-raised rise-rose-risen fit into sth.
basically human resources encompass sth. specialised v. form labour entrepreneurship include sth. land technology abound (v.)=be plentiful BY definition
Vocabulary 3 apply sth. TO sth. apply sth. to do sth. chief executive assembly-line knowledge utilise=put into service comprise sth. regard sth. as
sth.=consider sth as sth IN general be comprised OF sth. invention
innovation hire sth./sbd. bookkeeper provide sth.=supply sth. information (Uncount.) develop information storage information retrieval while… fixed numerous=many
Vocabulary 4 grow-grew-grown therefore inevitably=impossible to
avoid incur costs v. pipe reservoir n. well costly