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A state or situation in which something needed cannot be obtained in sufficient amounts.

The state of a country or region in terms of the production and consumption of goods and services and the supply of money.

To help something develop or progress. A key word for IELTS Task 2 when discussing the benefits of certain policies.

The possibility of future success or the general outlook for the future.

To reduce the size, amount, or scope of something, especially regarding budgets, costs, or personnel.

A general increase in prices and fall in the purchasing value of money over a period of time.

To stop making progress or developing. It describes a state where movement or growth has ceased.

Luxurious or wasteful. It describes a lifestyle, product, or behavior that involves excessive spending beyond what is necessary.

The amount of money expected, required, or given in payment for something.

To become smaller or weaker; often used to describe a declining economy, a shrinking market, or biological tissue.