Meaning : Buying and using goods or services.
Usage : There is a tremendous demand of this material due to its high consumption.
Usage : There is a tremendous demand of this material due to its high consumption.
Process
Meaning : A particular method used to produce goods.
Usage : The process of production of this raw material is very complex.
Usage : The process of production of this raw material is very complex.
Analyse
Meaning : Examine in detail.
Usage : Let's analyse the process of production of this raw material.
Usage : Let's analyse the process of production of this raw material.
Unit
Meaning : A distinct part of a whole.
Usage : There are four main kinds of economic units- the household, the firm, the financial intermediary and the government.
Usage : There are four main kinds of economic units- the household, the firm, the financial intermediary and the government.
Speculation
Meaning: Investment involving high risk but also the possibility of high profits.
Usage: There was less fluctuation in share market due to increase in speculation.
Usage: There was less fluctuation in share market due to increase in speculation.
Bullion
Meaning: Gold or Silver in heavy bars.
Usage: During the week beginning July 12, the bullion trade improved.
Usage: During the week beginning July 12, the bullion trade improved.
Persuade
Meaning: Make a person do something by reasoning, arguing, begging, convince.
Usage: He tried to persuade them but they refused to agree to his terms and conditions.
Usage: He tried to persuade them but they refused to agree to his terms and conditions.
Voyage
Meaning: Long journey by sea or air.
Usage: In 1487 the King of Portugal sent Bartholomew Diaz on a great voyage to find the southernmost point of Africa.
They had been many months at sea and were tired of the voyage.
Usage: In 1487 the King of Portugal sent Bartholomew Diaz on a great voyage to find the southernmost point of Africa.
They had been many months at sea and were tired of the voyage.
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