“Tiền bạc là giấy, nhưng giấy có thể mua được cả thế giới.” – Câu tục ngữ này đã nói lên tầm quan trọng của tiền bạc trong cuộc sống hiện đại. Và trong kỳ thi IELTS, “business and money” là một chủ đề thường gặp trong phần thi Speaking và Writing, đòi hỏi bạn phải sử dụng từ vựng chuyên ngành chính xác và phong phú.
Why is Business and Money Vocabulary Important?
Để chinh phục IELTS, bạn cần trang bị cho mình vốn từ vựng phong phú về chủ đề này. Điều này sẽ giúp bạn:
- Express your ideas clearly and accurately: Sử dụng từ vựng chuyên ngành giúp bạn diễn đạt ý tưởng một cách chính xác và dễ hiểu hơn. Thay vì dùng những từ chung chung như “money” hay “business”, bạn có thể sử dụng những từ vựng chuyên ngành như “investment”, “profit”, “revenue”, “expenditure” để thể hiện sự am hiểu và chuyên nghiệp trong giao tiếp.
- Impress the examiners: Bằng cách sử dụng từ vựng đa dạng và chính xác, bạn sẽ gây ấn tượng tốt với giám khảo và giúp họ đánh giá cao khả năng ngôn ngữ của bạn.
- Expand your knowledge: Học từ vựng về “business and money” cũng là cách giúp bạn mở rộng kiến thức về kinh tế và tài chính, những lĩnh vực rất cần thiết trong cuộc sống hiện đại.
Common Business and Money Vocabulary for IELTS
## General Business Terms
| Term | Meaning | Example |
|---|---|---|
| Business | A company or organization that makes money by selling goods or services | “My family runs a small business selling handmade jewelry.” |
| Industry | A particular type of business activity | “The tourism industry has been hit hard by the pandemic.” |
| Market | A place where goods and services are bought and sold | “The company is trying to enter the Chinese market.” |
| Competition | The struggle between businesses for customers and profits | “The company faces intense competition from rivals.” |
| Profit | Money that is made by a business after all costs are paid | “The company reported a record profit this year.” |
| Loss | Money that is lost by a business | “The company suffered a heavy loss due to the economic downturn.” |
| Revenue | The total amount of money that a business earns from its sales | “The company’s revenue increased by 10% last year.” |
| Expenditure | The total amount of money that a business spends | “The company’s expenditure on advertising has increased.” |
| Investment | Money that is put into a business or project with the hope of making a profit | “The company is seeking investment to expand its operations.” |
| Budget | A plan for how much money will be spent on different things | “The government is facing a tight budget.” |
## Finance Terms
| Term | Meaning | Example |
|---|---|---|
| Capital | Money that is used to start or grow a business | “The company needs to raise capital to build a new factory.” |
| Debt | Money that is owed to someone else | “The company has taken on a lot of debt.” |
| Loan | Money that is borrowed from a bank or other lender | “The company has taken out a loan to buy new equipment.” |
| Interest | The cost of borrowing money | “The bank is charging high interest rates on loans.” |
| Equity | The value of a company’s assets minus its liabilities | “The company’s equity has increased.” |
| Shares | Units of ownership in a company | “The company is selling shares to the public.” |
| Dividend | A payment made to shareholders from a company’s profits | “The company has declared a dividend of $1 per share.” |
| Inflation | A general increase in prices | “Inflation is rising rapidly.” |
| Deflation | A general decrease in prices | “Deflation is a sign of a weak economy.” |
| Recession | A period of economic decline | “The country is facing a recession.” |
## Business and Money Idioms
Here are some idioms related to business and money that you can use in your IELTS Speaking and Writing:
- To be in the black: To be making a profit
- To be in the red: To be losing money
- To break even: To make just enough money to cover your costs
- To be a cash cow: To be a very profitable business
- To be a money pit: To be a business that loses a lot of money
- To be on a shoestring: To have very little money
- To be worth your salt: To be skilled and valuable
## Tips for Learning Business and Money Vocabulary
Here are some tips for learning business and money vocabulary for IELTS:
- Start with the basics: Before you start learning more complex terms, make sure you have a strong foundation in basic business and money vocabulary.
- Use flashcards: Flashcards are a great way to learn new vocabulary. You can write the word on one side and the definition on the other.
- Read business articles and books: Reading about business and finance can help you learn new vocabulary in context.
- Watch business news and documentaries: Watching business news and documentaries can also help you learn new vocabulary and understand how it is used in real-world situations.
- Practice using the vocabulary: The best way to learn new vocabulary is to use it. Try to use the vocabulary in your writing and speaking practice.
## Example IELTS Speaking Question
“What are some of the challenges facing small businesses in your country?”
You can use your knowledge of business and money vocabulary to answer this question, for example:
“One of the biggest challenges facing small businesses in my country is competition from larger companies. Small businesses often have limited capital and resources to invest in marketing and advertising, which makes it difficult to compete with larger companies that have access to more funding. Another challenge is inflation. Rising prices for goods and services can make it difficult for small businesses to maintain profit margins. Finally, interest rates can be a challenge for small businesses, as they may need to take out loans to finance their operations. However, despite these challenges, small businesses play a vital role in the economy and create jobs.”
## Conclusion
Mastering “business and money” vocabulary is crucial for success in IELTS. By following these tips and practicing consistently, you can confidently use this vocabulary to communicate effectively and impress the examiners. Don’t forget to practice regularly and stay curious about the ever-evolving world of business and finance! Remember, “The only way to do great work is to love what you do.” – Steve Jobs. If you have any questions or need further assistance, please feel free to contact us at 0372960696. We are here to help you achieve your IELTS goals!