GMAT Vocabulary

#361

subsidy

Noun

Example sentences

1. The government gives farmers a fuel subsidy.
2. The subsidy helped keep food prices low.
3. The company received a subsidy for using clean energy.

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#362

tariff

Noun

Example sentences

1. The country placed a tariff on imported steel.
2. A higher tariff may increase local prices.
3. The two governments agreed to reduce the tariff.

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#363

quota

Noun

Example sentences

1. The factory met its monthly production quota.
2. The country set an import quota on sugar.
3. Each salesperson has a sales quota.

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#364

taxation

Noun

Example sentences

1. The report discusses business taxation.
2. High taxation may reduce private investment.
3. The government uses taxation to fund public services.

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#365

fiscal

Adjective

Example sentences

1. The government announced a new fiscal policy.
2. Fiscal spending increased during the crisis.
3. The country faces a large fiscal deficit.

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#366

monetary

Adjective

Example sentences

1. The central bank changed its monetary policy.
2. Monetary measures can influence inflation.
3. The country joined a monetary union.

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#367

institution

Noun

Example sentences

1. The university is a respected institution.
2. Trust is important for every public institution.
3. The bank is a major financial institution.

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#368

bureaucracy

Noun

Example sentences

1. The project was delayed by government bureaucracy.
2. Too much bureaucracy can slow business activity.
3. The reform aims to reduce unnecessary bureaucracy.

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#369

authority

Noun

Example sentences

1. The manager has the authority to approve the payment.
2. The health authority issued a warning.
3. He spoke with confidence and authority.

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#370

autonomy

Noun

Example sentences

1. The local office has autonomy to make small decisions.
2. Students need some autonomy in their learning.
3. The region asked for greater political autonomy.

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#371

sovereignty

Noun

Example sentences

1. The country defended its sovereignty.
2. The agreement respects national sovereignty.
3. The dispute raised questions about sovereignty over the island.

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#372

consensus

Noun

Example sentences

1. The team reached a consensus after a long discussion.
2. There is broad consensus that change is needed.
3. We could not build consensus on the budget.

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#373

coalition

Noun

Example sentences

1. Three parties formed a coalition government.
2. The groups created a coalition to protect the river.
3. The coalition agreed on a common plan.

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#374

constituency

Noun

Example sentences

1. The politician met people in her constituency.
2. Young voters are an important constituency.
3. The policy pleased one constituency but upset another.

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#375

demographic

Noun

Example sentences

1. The company studies each customer demographic.
2. The survey collected demographic information such as age and income.
3. An aging demographic will change health needs.

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#376

population

Noun

Example sentences

1. The city's population is growing quickly.
2. The study examined a population of adult workers.
3. Most of the population lives near the coast.

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#377

migration

Noun

Example sentences

1. Economic problems can increase migration.
2. Bird migration begins in autumn.
3. The report studies rural-to-urban migration.

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#378

urbanization

Noun

Example sentences

1. Rapid urbanization has increased demand for housing.
2. Urbanization can create both jobs and traffic problems.
3. The country experienced strong urbanization after 1980.

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#379

infrastructure

Noun

Example sentences

1. The city needs better road infrastructure.
2. Strong digital infrastructure supports online business.
3. The storm damaged public infrastructure.

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#380

welfare

Noun

Example sentences

1. The program supports the welfare of children.
2. The government increased welfare payments.
3. Animal welfare is an important concern.

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