Vocabulary

  • for example: As an illustration or instance.
  • in the long run: Eventually; over a long period of time.
  • regardless of
  • look at: To use your eyes to focus on something
  • on sale: Available at a reduced price
  • at will: Whenever or wherever you want; without needing permission.
  • come from: To have as your native country or city
  • think back: To recapture the past
  • back down: To admit you were wrong; stop claiming
  • back up: To save a copy of your computer data
  • in order to: For the purpose of; with the aim of.
  • based on: To use something as the foundation or starting point for something else.
  • in red: Marked or written using the colour red.
  • in green: Located in or surrounded by green plants or fields.
  • chewed up: To damage or destroy something by chewing it repeatedly.
  • set up
  • in the end: Finally; after a period of time or series of events.
  • break even: To neither make a profit nor a loss
  • episode: One separate event in a series of events
  • individual: Single person, looked at separately from others
  • determine: To control exactly how something will be or act
  • average: Total of numbers divided by the number of items
  • structure: The way in which the parts of a system or object are arranged or organized, or a system arranged in this way
  • campaign: To work in an organized, active way towards a goal
  • revenue: Money that is made by or paid to a business
  • force: Group of persons trained for military action; army
  • position: Person's opinion or attitude about something
  • amount: Quantity of something
  • accommodate: To adapt or handle a situation, task
  • demand: Desire customers have to buy product, service
  • firm: Company that sells goods or services
  • brand: A mark burned on an animal to show who owns it
  • industry: Hard work; being busy working
  • celebrity: A (famous) entertainer known by many people
  • occur: To come to pass or to happen
  • competition: Fighting against others to win something
  • charge: To run quickly toward someone to attack them
  • generate: To create or be produced or bring into existence
  • identical: The same in every way
  • equal: Same in shape, size, or number
  • elastic: Able to return to original shape after stretching
  • loyalty: Complete and sustained support for person, thing
  • competitive: Being strongly driven to win or be better than
  • produce: Fresh foods such as fruits and vegetables
  • quantity: A large amount of something
  • shape: The outer form of something, what it looks like
  • monopoly: Complete market control for a service or product
  • combine: To mix several things together to form one thing
  • whatsoever: Used to add emphasis to an idea being expressed
  • chew: To bite something many times without swallowing it
  • operate: To control or handle something, such as a machine
  • control: A device designed to operate a machine
  • semester: Half or a third of a school or college year
  • prevail: To be successful against enemy/problem
  • drive: A person's ambition and motivation to do something
  • equilibrium: A state of balance or harmony
  • perfect: So good it cannot be improved
  • set: Prepared for something; ready
  • product: Item that can be bought
  • remember: To give someone a gift, e.g. birthday, wedding
  • differentiate: To see or show how things are not the same
  • maximize: To make as large or great as possible
  • area: Amount of measured space
  • competitor: Someone taking part in race, business, etc.
  • downward: Moving from a higher to a lower condition/place
  • diagram: A drawing intended to explain how something works
  • unit: One apartment in a building
  • marginal: Very small; on the edge; not important
  • homogeneous: Being all of the same type
  • micro: A prefix meaning 'very small'
  • swish: To move with a soft brushing or sweeping sound
  • pork: Meat of a pig, used for food
  • supermarket: Self-service store selling groceries etc.
  • someplace: In or at or to some place
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  • not found vocabularyNo vocabulary matches your filters
    • accommodate

      US /əˈkɑ:mədeɪt/

      UK /əˈkɒmədeɪt/

      • Transitive Verb
      • To adapt or handle a situation, task
      • To fit in with others' needs, opinions
      B1TOEIC
      More
    • at will

      US /æt wɪl/

      UK /æt wil/

      • Adverb
      • Whenever or wherever you want; without needing permission.
      • Adjective
      • Relating to an employment agreement where the employer can terminate the employee at any time for any reason that is not illegal.
      More
    • average

      US /ˈævərɪdʒ, ˈævrɪdʒ/

      UK /'ævərɪdʒ/

      • Noun (Countable/Uncountable)
      • Total of numbers divided by the number of items
      • Transitive Verb
      • To add numbers then divide by the number of items
      A2TOEIC
      More
    • back down

      US /bæk daʊn/

      UK /bæk daun/

      • Phrasal Verb
      • To admit you were wrong; stop claiming
      A1
      More
    • back up

      US /bæk ʌp/

      UK /bæk ʌp/

      • Phrasal Verb
      • To save a copy of your computer data
      • To confirm the truth of what someone says
      A1
      More
    • based on

      US

      UK

      • Phrasal Verb
      • To use something as the foundation or starting point for something else.
      • Preposition
      • Using something as the main idea or foundation.
      • Relying on something as evidence or justification.
      A1
      More
    • brand

      US /brænd/

      UK /brænd/

      • Noun
      • A mark burned on an animal to show who owns it
      • Product made or designed by a named company
      • Transitive Verb
      • To burn a mark on an animal to show who owns it
      • To describe someone as a liar, coward, etc.
      A2TOEIC
      More
    • break even

      US /brek ˈivən/

      UK /breik ˈi:vən/

      • Phrasal Verb
      • To neither make a profit nor a loss
      • Phrase
      A1
      More
    • campaign

      US /kæmˈpen/

      UK /kæm'peɪn/

      • Intransitive Verb
      • To work in an organized, active way towards a goal
      • Noun (Countable/Uncountable)
      • Series of actions meant to achieve a goal
      • A planned set of military activities intended to achieve a particular objective.
      A2TOEIC
      More
    • celebrity

      US /səˈlɛbrɪti/

      UK /sə'lebrətɪ/

      • Countable Noun
      • A (famous) entertainer known by many people
      • Uncountable Noun
      • The state of being well-known or famous.
      B2
      More
    • charge

      US /tʃɑrdʒ/

      UK /tʃɑ:dʒ/

      • Verb (Transitive/Intransitive)
      • To run quickly toward someone to attack them
      • To ask for money as a price for a service or goods
      • Noun (Countable/Uncountable)
      • An attack by running quickly toward someone
      • A price for a service or goods
      A2
      More
    • chew

      US /tʃu:/

      UK /tʃu:/

      • Verb (Transitive/Intransitive)
      • To bite something many times without swallowing it
      • Noun
      • Act of biting something many times
      B1
      More
    • chewed up

      US

      UK

      • Phrasal Verb
      • To damage or destroy something by chewing it repeatedly.
      • To defeat someone easily and completely.
      B1
      More
    • combine

      US /kəmˈbaɪn/

      UK /kəmˈbaɪn/

      • Verb (Transitive/Intransitive)
      • To mix several things together to form one thing
      • To harvest by means of a combine.
      • Noun (Countable/Uncountable)
      • A harvesting machine for cutting, threshing, and cleaning grain.
      • A mixture of different things.
      A2
      More
    • come from

      US /kʌm frʌm/

      UK /kʌm frɔm/

      • Phrasal Verb
      • To have as your native country or city
      A1
      More
    • competition

      US /ˌkɑmpɪˈtɪʃən/

      UK /ˌkɒmpəˈtɪʃn/

      • Noun (Countable/Uncountable)
      • Fighting against others to win something
      • A situation in which people or organizations compete with each other for something that not everyone can have.
      A2
      More
    • competitive

      US /kəmˈpɛtɪtɪv/

      UK /kəmˈpetətɪv/

      • Adjective
      • Being strongly driven to win or be better than
      • As good as or better than others.
      B1
      More
    • competitor

      US /kəmˈpɛtɪtɚ/

      UK /kəmˈpetɪtə(r)/

      • Countable Noun
      • Someone taking part in race, business, etc.
      • Someone who takes part in a contest or competition.
      B1
      More
    • demand

      US /dɪˈmænd/

      UK /dɪ'mɑ:nd/

      • Noun (Countable/Uncountable)
      • Desire customers have to buy product, service
      • A strong request for someone to do something
      • Transitive Verb
      • To strongly request someone to do something
      • To need something.
      A2TOEIC
      More
    • determine

      US /dɪˈtɚmɪn/

      UK /dɪ'tɜ:mɪn/

      • Transitive Verb
      • To control exactly how something will be or act
      • To establish the facts about; discover
      A2TOEIC
      More
    • diagram

      US /ˈdaɪəˌɡræm/

      UK /'daɪəɡræm/

      • Noun
      • A drawing intended to explain how something works
      • Transitive Verb
      • To show or explain something by drawing a picture
      B1
      More
    • differentiate

      US /ˌdɪfəˈrɛnʃiˌet/

      UK /ˌdɪfə'renʃɪeɪt/

      • Verb (Transitive/Intransitive)
      • To see or show how things are not the same
      • Become distinct or specialized.
      B1
      More
    • downward

      US /ˈdaʊnwərd/

      UK /ˈdaʊnwəd/

      • Adjective
      • Moving from a higher to a lower condition/place
      B1TOEIC
      More
    • elastic

      US /ɪˈlæstɪk/

      UK /ɪˈlæstɪk/

      • Adjective
      • Able to return to original shape after stretching
      • Uncountable Noun
      • Material that can stretch and return to shape
      B1
      More
    • episode

      US /ˈɛpɪˌsod/

      UK /'epɪsəʊd/

      • Noun
      • One separate event in a series of events
      • Show which is part of a larger story
      B1TOEIC
      More
    • equilibrium

      US /ˌikwəˈlɪbriəm, ˌɛkwə-/

      UK /ˌi:kwɪˈlɪbriəm/

      • Noun (Countable/Uncountable)
      • A state of balance or harmony
      • Calm, quiet, undisturbed emotional state
      C2TOEIC
      More
    • firm

      US /fɚm/

      UK /fɜ:m/

      • Countable Noun
      • Company that sells goods or services
      • Adjective
      • Fairly hard or solid, not soft
      • Unchanging and strong
      A2TOEIC
      More
    • for example

      US

      UK

      • Phrase
      • As an illustration or instance.
      More
    • generate

      US /ˈdʒɛnəˌret/

      UK /ˈdʒenəreɪt/

      • Transitive Verb
      • To create or be produced or bring into existence
      • To create electricity, heat, energy and power
      A2TOEIC
      More
    • homogeneous

      US /ˌhoməˈdʒiniəs, -ˈdʒinjəs/

      UK /ˌhɒmə'dʒi:nɪəs/

      • Adjective
      • Being all of the same type
      B1
      More
    • identical

      US /aɪˈdɛntɪkəl/

      UK /aɪˈdentɪkl/

      • Adjective
      • The same in every way
      • Satisfied by all values of the variables involved.
      B1
      More
    • in green

      US /ɪn ɡrin/

      UK /ɪn ɡri:n/

      • other
      • Located in or surrounded by green plants or fields.
      B2
      More
    • in order to

      US /ɪn ˈɔrdɚ tu/

      UK /in ˈɔ:də tu:/

      • Preposition
      • For the purpose of; with the aim of.
      • Phrase
      • In a specific sequence or arrangement.
      • With the aim of; for the purpose of.
      C1
      More
    • in red

      US /ɪn rɛd/

      UK /in red/

      • Phrase
      • Marked or written using the colour red.
      • Adjective
      • Operating at a financial loss; in debt.
      More
    • in the end

      US /ɪn ði ɛnd/

      UK /in ðə end/

      • Phrase
      • Finally; after a period of time or series of events.
      • Ultimately; as the final result or consequence.
      A1
      More
    • in the long run

      US

      UK

      • Phrase
      • Eventually; over a long period of time.
      A1
      More
    • individual

      US /ˌɪndəˈvɪdʒuəl/

      UK /ˌɪndɪˈvɪdʒuəl/

      • Countable Noun
      • Single person, looked at separately from others
      • A single thing or item, especially when part of a set or group.
      • Adjective
      • Made for use by one single person
      • Having a distinct manner different from others
      A2
      More
    • look at

      US /lʊk æt/

      UK /luk æt/

      • Phrasal Verb
      • To use your eyes to focus on something
      • To focus your eyes on something carefully
      A1
      More
    • loyalty

      US /ˈlɔɪəlti/

      UK /ˈlɔɪəlti/

      • Uncountable Noun
      • Complete and sustained support for person, thing
      • Allegiance or devotion to a person, cause, or country.
      B2TOEIC
      More
    • marginal

      US /ˈmɑrdʒənəl/

      UK /'mɑ:dʒɪnl/

      • Adjective
      • Very small; on the edge; not important
      B2
      More
    • maximize

      US /ˈmæksəˌmaɪz/

      UK /ˈmæksɪmaɪz/

      • Transitive Verb
      • To make as large or great as possible
      B1
      More
    • micro

      US /ˈmaɪkro/

      UK /'maɪkrəʊ/

      • Noun
      • A prefix meaning 'very small'
      B2
      More
    • monopoly

      US /məˈnɑpəli/

      UK /mə'nɒpəlɪ/

      • Noun (Countable/Uncountable)
      • Complete market control for a service or product
      • A board game in which players try to gain monopolies on properties as their opponents are forced to pay them rent.
      C2
      More
    • occur

      US /əˈkɚ/

      UK /əˈkɜ:(r)/

      • Intransitive Verb
      • To come to pass or to happen
      • To be found to exist; to be present.
      A2TOEIC
      More
    • on sale

      US /ɑn sel/

      UK /ɔn seil/

      • Adjective
      • Available at a reduced price
      • Available to be bought
      A2
      More
    • pork

      US /pɔ:rk/

      UK /pɔ:k/

      • Uncountable Noun
      • Meat of a pig, used for food
      B2
      More
    • prevail

      US /prɪˈvel/

      UK /prɪˈveɪl/

      • Intransitive Verb
      • To be successful against enemy/problem
      • To exist at a certain time; to be common
      • Transitive Verb
      • Persuade (someone) to do something.
      B2TOEIC
      More
    • quantity

      US /ˈkwɑntɪti/

      UK /ˈkwɒntəti/

      • Noun (Countable/Uncountable)
      • A large amount of something
      • Amount or number of something
      A2TOEIC
      More
    • regardless of

      US /rɪˈɡɑrdlɪs ʌv/

      UK /riˈɡɑ:dlis ɔv/

      • Phrase
      • Preposition
      • Without being affected or influenced by something; despite.
      A2
      More
    • revenue

      US /ˈrevənju/

      UK /'revənju:/

      • Noun (Countable/Uncountable)
      • Money that is made by or paid to a business
      • Money a government collects from its people
      A2TOEIC
      More
    • semester

      US /səˈmɛstɚ/

      UK /sɪˈmestə(r)/

      • Noun
      • Half or a third of a school or college year
      B1TOEIC
      More
    • set up

      US /sɛt ʌp/

      UK /set ʌp/

      • Phrasal Verb
      • To make arrangements for something; establish
      • Verb (Transitive/Intransitive)
      • To arrange or prepare something for use.
      • To start a business, organization, etc.
      A1
      More
    • someplace

      US /ˈsʌmˌples/

      UK /ˈsʌmpleɪs/

      • Adverb
      • In or at or to some place
      C2
      More
    • structure

      US /ˈstrʌk.tʃɚ/

      UK /ˈstrʌk.tʃə/

      • Noun (Countable/Uncountable)
      • The way in which the parts of a system or object are arranged or organized, or a system arranged in this way
      • A building or other man-made object.
      • Transitive Verb
      • To plan, organize, or arrange the parts of something
      A2TOEIC
      More
    • supermarket

      US /ˈsupɚˌmɑrkɪt/

      UK /ˈsju:pəˌmɑ:kit/

      • Noun (Countable/Uncountable)
      • Self-service store selling groceries etc.
      C2
      More
    • swish

      US /swɪʃ/

      UK /swɪʃ/

      • Intransitive Verb
      • To move with a soft brushing or sweeping sound
      C1
      More
    • think back

      US /θɪŋk bæk/

      UK /θiŋk bæk/

      • Phrasal Verb
      • To recapture the past
      A1
      More
    • unit

      US /ˈjunɪt/

      UK /ˈju:nɪt/

      • Countable Noun
      • One apartment in a building
      • Group of people, e.g. soldiers, that work together
      B2TOEIC
      More
    • whatsoever

      US /ˌhwɑtsoˈɛvɚ,ˌhwʌt-,ˌwɑt,ˌwʌt-/

      UK /ˌwɒtsəʊ'evə/

      • Determiner
      • Used to add emphasis to an idea being expressed
      B2
      More
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    01:03

    She took a brave step forward, leaving behind her comfort zone to chase her dreams.

    Vocabulary
    • brave

      adj. Having courage

    • comfort zone

      phr. A familiar situation where one feels safe

    Explanation
    a brave step is a noun phrase, where brave is an adjective modifying the noun step, meaning "a courageous step". forward is an adverb modifying step, meaning "ahead". The whole phrase serves as the object, answering the "what" of took (verb) — she took a brave step forward.

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    brave

    US/brev/
    UK/breɪv/
    adj.Brave
    v.t.To bravely face
    A2 Elementary

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    80
    B1US
    #marginal#firm#price#revenue#cost#marginal cost

    Episode 26: Perfect Competition

    0
    Harrison Mia posted on 2018/04/09
    Ever wondered how markets reach that perfect balance? This video dives into perfect competition, explaining key concepts like marginal cost and revenue with super clear language. You'll pick up some fantastic economics vocabulary and boost your understanding of how businesses make decisions!

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