IELTS Vocabulary: On Globalisation

Understanding globalisation requires familiarity with key terms used in economics and business. Below is a vocabulary list that provides essential terms and their definitions. Use this as a reference to enhance your comprehension of globalisation concepts, particularly for IELTS preparation. stocks and shares: Financial instruments representing ownership in a company and a claim on part of its assets and earnings. consumption: The use of goods and services by households to satisfy their needs and wants. stock market: A marketplace where securities like stocks and bonds are bought, sold, and traded. manufacturing: The process of producing goods in large quantities using machinery and industrial methods. trade barrier: Government-imposed restrictions, such as tariffs or quotas, that limit international trade. immigrate: To move to a new country with the intention of settling there permanently. affluence: A state of having a large amount of wealth, resources, or material possessions. inflation: …