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A sudden and sharp increase in price, value, or quantity. It is a key term for IELTS Academic Task 1 graph descriptions.

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

A virtuous cycle where one good event leads to another, creating a positive feedback loop. It is often used to describe healthy economic or social growth.

The total number of people who are available to work; also the physical and mental capacity of a person to perform labor.

To gradually invade or take over someone else's territory, market share, or rights, like a silkworm eating a mulberry leaf.

The process of managing or running something principally for financial gain, or making a new product available on the market.

The total amount of goods or products produced within a specific period. It is often used to measure industrial or agricultural output.

Goods or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

The remaining influence or consequences of an event, especially a negative or large-scale one; aftermath.

An amount that remains after the required amount has been used; a surplus.