Living in a capitalistic society could mean enjoying “ample
opportunities to prosper” or facing the frustrating reality that “the rich get
richer and the poor get poorer”. As we learn from Dr. Johnson’s book “Who Moved
My Cheese?”, the best way to lead a life in abundance or become self-empowered
in terms of economy might be to get ready for constant changes. This week, let
us go over some useful English expressions/ vocab for money, finance, and
economy.
1.
in free fall: uncontrollably
decreasing/ declining
2.
to corner the market: to
get control of the trade in a particular type of goods, so that you control its
price and the conditions of sale
3.
to weather the storm: to
survive the bad times
4.
from the ground up:
from scratch/ to build or start something from nothing, from zero
5.
daylight robbery:
obvious/ unfair overcharging
6.
to coin it in: to
make a good profit; earn a large salary or wage
7.
to feel the pinch: to
be under financial hardship
8.
pretty penny: a
large or considerable amount of money
9.
gravy train: a
job that pays a lot of money for little effort
10.
false economy: something
that may initially appear fantastic from the outside but does not live up to
expectations/ an initial attempt to save money that ends up costing a person
more money in the future
Time to practice what you’ve learned in
sentences!
1.
A: It’s not fair that such a sly dude as Josh
is earning pretty ________________________ doing nothing important in our
department.
B:
You’re right. Josh is so lucky to be on the ________________ train.
2.
Hyundai has ____________________ the market
in the car market in Korea, but doesn’t quite seem to appreciate Korean
customers in many ways.
3.
Since K-beauty products have made a smashing hit
around the world, quite a lot of Korean makeup artists have launched their own
brands of cosmetics and ________________ it in.
4.
Did you say you paid fifty bucks for just one
lip stick of that brand? Holy cow! That is a _______________________ robbery!
5.
Frank became bankrupt, but soon he pulled
himself together and start all over from ____________________________ .
6.
Theresa gets paid chicken feed, and she
always feels the ______________.
7.
Greece has been in free _______________ and
striving to learn the lesson to weather the ____________________.
8.
We shouldn’t have bought a membership of this
wholesale store, because we spend much more money than needed here. It is a
typical case of ___________________ economy.
<Answer Keys>
1. penny,
gravy
2. cornered
3. coined
4. daylight
5. the
ground up
6. pinch
7. fall,
storm
8. false
economy
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