Unit 12 Money

Word

Definition

Example

do grocery shopping

The act of buying food and other household items from a grocery store or supermarket

I need to do grocery shopping for the week ahead

department store

A large retail store that offers a wide variety of products and merchandise across different departments or sections

The department store offers a wide range of products

make a shopping list

To create a written or digital list of items to purchase during a shopping trip

Before going to the store, I always make a shopping list

save money

To set aside or accumulate funds by reducing expenses or making prudent financial decisions

Cutting down on unnecessary expenses can help you save money

boutique

A small shop that sells stylish and often unique clothing, accessories, or other items

She found a beautiful dress at a boutique in the city

misunderstand

To interpret or comprehend something incorrectly, leading to a lack of clarity or confusion

It's easy to misunderstand someone's intentions without clear communication

shopping mall

A large indoor shopping complex with multiple stores and retail outlets

The shopping mall was packed with shoppers during the holiday season

spend money on

To use money for the purpose of purchasing goods or services

I prefer to spend money on experiences rather than material possessions

go shopping

to visit stores or retail locations with the intention of purchasing goods or items

Let's go shopping for new clothes this weekend

market stall

A temporary and often open-air stand or booth where goods are sold in a market

Local artisans often sell their products at the market stalls

mature adult

An adult who has reached a stage of physical and emotional maturity

As a mature adult, she made responsible decisions

household goods

Items and products used in daily life within a household, such as furniture and appliances

Household goods like furniture and appliances are essential for daily life

natural pace

The speed or rhythm at which something naturally occurs or progresses

Everyone has their own natural pace of learning

make notes

To jot down written or recorded information for reference or organization

During the lecture, I make notes to help me study later

manage money

To handle and oversee one's finances effectively, including budgeting and investment decisions

Learning to manage money wisely is an important life skill

citizen

A legally recognized member of a country or nation, typically with rights and responsibilities

As a citizen, you have certain rights and responsibilities

wealthy

Having a significant amount of wealth or financial resources

He became wealthy through years of hard work and investments

in my view

From one's personal perspective or opinion

In my view, education is the key to personal growth

positive attitude to life

A mindset characterized by optimism and a constructive outlook on life's challenges and opportunities

Maintaining a positive attitude to life can lead to happiness

possession

An item or object owned by an individual or entity

Your car is your most valuable possession

bring up children

To raise and care for one's children, including providing for their physical and emotional needs

It's challenging to bring up children in today's fast-paced world

approach

A method or way of dealing with a situation or problem

His approach to problem-solving is innovative

quote

To repeat or cite someone's words or statements verbatim

Can you provide a quote for the repair work?

leading share price indices

Prominent indicators used to track the performance of stock markets and investments

Keep an eye on the leading share price indices for market trends

long-term

Relating to an extended or prolonged period of time, often years or decades

Planning for long-term goals is essential for financial stability

originate

To have its source or beginning in a particular place, concept, or idea

The concept for the new product originated from customer feedback

medium-sized enterprises

Companies or businesses that fall between small and large in terms of size and revenue

Medium-sized enterprises play a crucial role in the economy

engine of economic development

A factor or entity that drives economic growth and progress

Small businesses can be the engine of economic development in a region

sole trader

A business structure in which a single individual owns and operates a business

A sole trader manages their business alone

partnership

A business structure in which two or more individuals or entities share ownership and responsibilities

They decided to form a partnership to expand their business

contribute

To provide or give support, resources, or efforts to a cause or endeavor

Each team member can contribute their unique skills to the project

thrive

To flourish, prosper, or succeed in a thriving and positive manner

Businesses that adapt to change can thrive in a competitive market

innovative

Characterized by creativity and the introduction of new ideas, methods, or technologies

Innovative solutions often lead to breakthroughs in technology

accommodate

To adjust or adapt to meet specific needs or requirements

The hotel can accommodate up to 200 guests

passion for

A strong and enthusiastic interest or dedication to a particular activity or pursuit

Her passion for painting is evident in her artwork

sufficient to

Adequate or enough to meet a particular purpose or standard

A well-balanced diet is sufficient to meet your nutritional needs

entrepreneur

A person who initiates and manages a business venture, typically taking financial risks in pursuit of innovation and profit

Many entrepreneurs dream of starting their own businesses

appreciate

To recognize and value the worth or significance of something

It's important to appreciate the efforts of your coworkers

viable

Capable of being successful or sustainable

The new business idea seems viable and has great potential

services meet customer needs

Providing products or services that fulfill the requirements and preferences of customers

Successful companies ensure their services meet customer needs

analyze competitors' products

To assess and evaluate the products offered by competing businesses

To stay competitive, it's crucial to analyze competitors' products

set clear business aims and objectives

Establishing specific and measurable goals for a business

Setting clear business aims and objectives is essential for growth

ownership

The state or condition of possessing or having legal control over something

She took ownership of the project and led it to success

set up a business

To establish and create a new business or enterprise

They decided to set up a business together in the food industry

run a business

To operate and manage the daily activities and affairs of a business

Running a business requires dedication and hard work

external help

Assistance, resources, or support from sources outside of a business or organization

They sought external help to improve their marketing strategy

overwork

To work excessively or beyond reasonable limits

Overwork can lead to burnout and health problems

evaluate

To assess and judge the quality, value, or effectiveness of something

It's important to evaluate the effectiveness of your strategies

anxious

Experiencing uneasiness or apprehension about an uncertain event or situation

Feeling anxious before a big presentation is normal

ensure

To make certain or guarantee the accomplishment of a task or outcome

To ensure customer satisfaction, we provide excellent service

undertake

To take on or assume responsibility for a task, project, or duty

She was ready to undertake the challenging project

foster

To promote and encourage the growth and development of something, such as talent or relationships

It's important to foster a positive work environment for employees

guidance

Direction, advice, or instruction provided to assist someone in making informed decisions or choices

New employees receive guidance during their onboarding process