Sentences using economic terminology
✅ What does"Ballpark Figure" Mean?
An approximate or rough estimate, not an exact or precise amount.
▲ Example sentence: Getting a ballpark figure on the project's cost is crucial before we proceed with the budget planning.
✅ "Down to the Wire" Meaning:
A situation that goes right to the last minute or last few seconds, often creating suspense or tension.
▲Example sentence: Negotiations on the trade deal went down to the wire, with both parties reaching an agreement just hours before the deadline.
✅ "Cutting Corners" Meaning:
Doing something in the quickest, cheapest, or easiest way, often at the expense of quality or safety.
▲Example sentence: To meet the quarterly targets, some companies resort to cutting corners, sacrificing long-term sustainability for short-term gains.
✅ "In the Red" Meaning:
Refers to a financial situation where a person or business is operating at a loss, in debt, or in a negative financial position.
▲Example sentence: Despite efforts to boost sales, the company remained in the red, prompting a comprehensive review of its financial strategies.
✅ "Golden Handshake" Meaning:
A generous severance or retirement package offered to an employee, often as an incentive for early retirement or as compensation for job loss.
▲Example sentence: The CEO received a golden handshake upon retirement, symbolizing a generous severance package and years of dedicated service.
✅ "Put All Your Eggs in One Basket" Meaning:
To invest all of one's resources or efforts in a single venture, making oneself vulnerable to failure if that venture fails.
▲Example sentence: Diversifying investments is wise; it's risky to put all your eggs in one basket, especially in a volatile market.
✅ "On the Same Page" Meaning:
To be in agreement or understanding with others; to share the same information or perspective.
▲Example sentence: For a successful merger, it's crucial that both companies are on the same page regarding their future goals and integration plans.
✅ "Balancing the Books" Meaning:
Ensuring that finances or accounts are in order, with debits and credits matching and the books being balanced.
▲Example sentence: The finance team spent weeks balancing the books to ensure accuracy in the year-end financial statements.
✅ "Bear Market" Meaning:
A financial market characterized by declining prices, pessimism, and a general expectation of further losses
▲Example sentence: Investors become cautious in a bear market, where declining stock prices prevail, and economic indicators point towards a downturn.
