Vocabulary study (2024-04-04) - 2

#Economy Voca, 

EN-EN Vocabulary

☑︎  afford / əˈfɔrd / : (v.) (usually used with can, could or be able to, especially in negative sentences or questions) to have enough money to be able to buy or do something

  • afford something Can we afford a new car?
  • None of them could afford £50 for a ticket.
  • I’d give up work if I could afford it.
  •  afford to do something We can't afford to go abroad this summer.
  • She never took a taxi, even though she could afford to.
  • She can well afford to pay for herself.
  • They couldn't afford to buy a house there.
  • We can't afford to have children.
  •  afford something to do something He couldn't afford the money to go on the trip. 


☑︎  finite / ˈfaɪ naɪt / : (adì.) having a definite limit or fixed size / (grammar) a finite verb form or clause shows a particular tense, person and number

early 15c., "limited in space or time, finite," from Latin finitum, past participle of finire "to limit, set bounds; come to an end" (see finish (v.)). Related: Finitelyfiniteness.

  • a finite number of goods 
  • a finite number of possibilities
  • The world's resources are finite.


☑︎  affordable / əˈfɔr də bəl / : (adj.) cheap enough that people can afford to pay it or buy it

1804, "that can be spared;" 1853, "that can be paid for," from afford + -able. Related: Affordably (1969); affordability (1910).

  • will be affordable for us?
  • We offer quality products at affordable prices.
  • There is a lack of affordable housing in the city.
  • This model is relatively affordable at just $85.


☑︎  Intuitively / ɪnˈtu ɪ tɪv li, -ˈtyu- / : (adj.) by using your feelings rather than by considering the facts / computer software, etc. that works intuitively is easy to understand and use

  • Intuitively, she knew that he was lying.
  • He intuitively understood the need for privacy.
  • intuitively designed


☑︎  exogenous  / ɛkˈsɒdʒ ə nəs / : (adj.) (formal) having a cause that is outside itself 

  • Technology is usually seen as an exogenous factor, determined by developments outside the country concerned.
  •  exogenous to something / These children also have severe problems which are exogenous to the educational system.


☑︎  endogenous / ɛnˈdɒdʒ ə nəs / : (adj.) (formal) having a cause that is inside itself

  • endogenous to something / Money is endogenous to the economy.


☑︎  variables / ˈvɛər i ə bəl / : (n.) a situation, number or quantity that can vary or be varied

  • With so many variables, it is difficult to calculate the cost.
  • The temperature remained constant while pressure was a variable in the experiment.


☑︎  numeric / nuˈmɛr ɪ kəl, nyu- / : (adj.) relating to numbers; expressed in numbers

  • numerical data
  • The results are expressed in descending numerical order.
  • numeric goods : 수치 상품


☑︎  nonlinear budget standards : 비선형 예산 표준


☑︎  constraints / kənˈstreɪnt / : (n.) [countable] a thing that limits something, or limits your freedom to do something

  • constraints of time/money/space
  • financial/economic/legal/political constraints
  • constraint on something This decision will impose serious constraints on all schools. 
  • constraints : 제약 조건


☑︎  consumption choice set : 소비 선택 집합


☑︎  constraints consumption choice : 소비 선택에 제약이 되는 것


☑︎  commodity / kəˈmɒd ɪ ti / : (n.) (economics) a product or a raw material that can be bought and sold

  • rice, flour and other basic commodities
  • a drop in commodity prices
  • Crude oil is the world's most important commodity.
  • basic agricultural commodities
  • commodities : 상품

☑︎  quantity / ˈkwɒn tɪ ti / : (n.) [countable, uncountable] an amount or a number of something

  •  quantity of something a large/small quantity of something
  • vast/huge quantities of food
  • enormous/massive/considerable/substantial quantities of something
  •  in… quantities a product that is cheap to produce in large quantities
  • Lamb is consumed in large quantities in rural areas.
  •  in… quantity Is it available in sufficient quantity?
  • quantities : 량


☑︎  concave / adjective, verb kɒnˈkeɪv, ˈkɒn keɪv; noun ˈkɒn keɪv / : (adj.) (of an outline or a surface) curving in

  • a concave lens/mirror
  • The upper surface is slightly concave.
  • The inside of a shiny spoon is a common example of a concave mirror.
  • concave shape : 오목한 형태


☑︎  convex / adjective kɒnˈvɛks, kən-; noun ˈkɒn vɛks / : (adj.) (of an outline or a surface) curving out

  • a convex lens/mirror
  • The surface is slightly convex.
  • convex shape : 볼록한 형태


☑︎  convexity 볼록성

☑︎  concavity 오목성 


☑︎  alternatives 대안

☑︎  ordinal 순서

☑︎  strict preference 엄격한 선호

☑︎  Likely have to (아마도) 해야할 것 같다


☑︎  indifference / ɪnˈdɪf ər əns, -ˈdɪf rəns : (n.) [uncountable, singular] indifference (to somebody/something) a lack of interest, feeling or reaction towards somebody/something

  • his total indifference to what people thought of him
  • What she said is a matter of complete indifference to me.
  • Their father treated them with indifference.
  • an indifference to the needs of others
  • indifference 무차별

☑︎  intersect / ˌɪn tərˈsɛkt / : (v.) [intransitive, transitive] (of lines, roads, etc.) to meet or cross each other

  •  intersect (something) a pattern of intersecting streets
  • The lines intersect at right angles.
  •  intersect with something The path intersected with a busy road.
  • intersect 교차


☑︎  marginal / ˈmɑr dʒə nl / : (adj.) small and not important

  • a marginal improvement in weather conditions
  • The story will only be of marginal interest to our readers.
  • The difference between the two estimates is marginal.
  • marginal 한계 


☑︎  marginal rate of substitution 한계 대체율

☑︎  Perfect substitutes 완전 대채제

☑︎  Perfect complements 완전 보완제


☑︎  completeness 완전성

☑︎  reflexivity 반사성

☑︎  transitivity 전이성 

☑︎  monotonicity 단조로움


☑︎  perceive / pərˈsiv / : (v.) to understand or think of somebody/something in a particular way

c. 1300, perceiven, "become aware of, gain knowledge of," especially "to come to know by direct experience," via Anglo-French parceif, Old North French *perceivre (Old French perçoivre) "perceive, notice, see; recognize, understand," from Latin percipere "obtain, gather, seize entirely, take possession of," also, figuratively, "to grasp with the mind, learn, comprehend," literally "to take entirely," from per "thoroughly" (see per) + capere"to grasp, take," from PIE root *kap- "to grasp."

Replaced Old English ongietan. Both the Latin senses were in Old French, though English uses the word almost always in the metaphorical sense. Related: Perceivedperceiving.

  • perceive somebody/something/yourself (as something) / This discovery was perceived as a major breakthrough.
  • I do not perceive myself as an expert.
  • A science degree and artistic interests are often perceived as incompatible.
  • perceive somebody/something to be/have something / They were widely perceived to have been unlucky.
  • I perceived an object looming through the mist.
  • I perceive a note of sarcasm in your voice.
  • This is a nice idea but I perceive difficulties in putting it into practice.  
  • perceive 감지하다


☑︎  persuasive / pərˈsweɪ sɪv, -zɪv / : (adj.) in a way that can persuade somebody to do or believe something

"having the power of persuading," 1580s, from French persuasif, from Medieval Latin persuasivus, from Latin persuas-, past-participle stem of persuadere "persuade, convince" (see persuasion). Related: Persuasivelypersuasiveness. Replaced earlier persuasible in this sense (see persuadable).

  • They argue persuasively in favour of a total ban on handguns.
  • A very persuasive argument. 
  • persuasive 동기


☑︎  precisely / (prɪˈsaɪslɪ) / : (adj.) exactly: used to confirm a statement by someone else / in a precise manner

mid-15c., "neither more nor less than, with no error; exactly stated or marked off; definitely or strictly expressed; distinguished with precision from all others," from Old French précis "condensed, cut short" (14c.) and directly from Medieval Latin precisus, from Latin praecisus "abrupt, abridged, cut off," past participle of praecidere "to cut off, shorten," from prae "before" (see pre-) + -cidere, combining form of caedere "to cut" (from PIE root *kae-id- "to strike"). For the Latin vowel change, see acquisition. Related: Precisely (late 14c.).

  • They look precisely the same to me.
  • That's precisely what I meant.
  • It's not clear precisely how the accident happened.
  • The meeting starts at 2 o'clock precisely.
  • precisely 정확하게

☑︎  imperceptible / ˌɪm pərˈsɛp tə bəl / : (adj.) in a very small way that cannot be seen or felt 

early 15c., from Medieval Latin imperceptibilis, from assimilated form of in- "not, opposite of" (see in- (1)) + perceptibilis (see perceptible). Related: Imperceptiblyimperceptibility. OED marks imperceivable (1610s) as "Now rare."

  • The daylight faded almost imperceptibly into night.
  • The imperceptible slope of the road.
  • Metaphysical speculation about imperceptibles.
  • not perceptible; not perceived by or affecting the senses.
  • imperceptibly 미세하게 


[Related Resources] :

[1] Hal R. Varian - Intermediate Microeconomics_ A Modern Approach, 8th Edition  -W.W. Norton & Co. (2010)
[2] Oxford 3000 <https://www.oxfordlearnersdictionaries.com>
[3] Dictionary.com, <https://www.dictionary.com/>
[4] Naver dictionary <https://dict.naver.com>
[5] Online etymology dictionary <https://www.etymonline.com>

Comments