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LEARN 105 ENGLISH VOCABULARY WORDS | DAY 2 - YouTube
Channel: Rachel's English
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what are we doing here on a wednesday
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why it's day two of your 30 day
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vocabulary challenge one video every day
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for 30 days to help you master 105
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intermediate english words
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we're taking words from the academic
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word list so these are words you'll need
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to know if you're preparing for the
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ielts or toefl exam but also if you read
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or watch news in english or have
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conversations with native speakers in
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other words these are useful words so
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grab your friends have them join the
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challenge and let's do this as always if
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you like this video or you learn
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something new please like and subscribe
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with notifications
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it really helps
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there's a download to go with this video
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a list of all the words and definitions
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and sample sentences as well as quizzes
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to make sure you're really getting and
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remembering these words you can get that
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download by following the link in the
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video description
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today we're learning four new words
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economy finance income and labor and
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we're looking at the different ways
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these words are used in various
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situations for each word you'll get the
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definition we'll go over the
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pronunciation
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you'll get to see the pronunciation up
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close and in slow motion and we'll have
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five examples from real life english
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first the word economy
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it's a four syllable word with second
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syllable stress
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me
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economy
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economy a noun the wealth and resources
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of a country or region especially in
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terms of the production and consumption
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of goods and services
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government rules and regulations can
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impact a country's economy
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as an adjective it means costing less
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saving money i don't need a big suv i'm
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going to rent an economy car
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let's look at the pronunciation one more
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time
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economy
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economy
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economy
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economy
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and now we'll go to uglish for five
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examples of this word in real situations
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and that would make our economy more
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competitive
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globally and that would create a a
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stronger economy here at home
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a stronger economy here at home that
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means the economy of our nation the
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wealth and resources of our nation
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and that would make our economy more
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competitive
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globally and that would create a a
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stronger economy here at home here's
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another example
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that keeps too many people in too many
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countries from joining our global
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economy
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global economy that is the wealth and
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resources of the whole world of
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countries interacting with other
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countries in terms of the production or
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consumption of goods and services
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that keeps too many people in too many
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countries from joining our global
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economy
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here's another example so do you think
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it would be good for the economy to
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double or triple the number of people
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who could come here legally
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good for the economy would have a
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positive impact on the wealth of the
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nation and the people of the nation
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so do you think it would be good for the
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economy to double or triple the number
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of people who could come here legally
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another example but then up front you've
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got pretty standard economy car stuff
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economy car that is the opposite of
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luxury created to be less expensive
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but then up front you've got pretty
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standard economy car stuff here's
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another example we then connect with
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local drivers in the shared economy the
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sharing economy
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this refers to individuals renting or
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selling from another individual rather
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than a business for example if you rent
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a room in someone's house through airbnb
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that's the sharing economy rather than
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booking a room at a hotel we then
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connect with local drivers in the shared
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economy you might also see the term gig
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economy which has to do with individuals
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working as contractors rather than
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employees often on a part-time basis so
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let's say you have someone who works
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full-time as an employee with benefits
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that person has lost her job and can't
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find another one so while she's looking
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for another position she enters the gig
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economy sometimes she drives her car for
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uber sometimes she picks up jobs on
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doordash she's part of the gig economy
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we then connect with local drivers in
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the shared economy the next word is
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finance it has two pronunciations
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finance and finance
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finance
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finance
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both pronunciations work for both the
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noun and the verb as a noun it means the
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management of revenues the ways in which
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money is used and handled she's taking a
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course on personal finance
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as a verb it means to give or loan money
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to something or someone
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his parents financed his college
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education
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let's look at this word up close and in
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slow motion again
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finance
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finance
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finance
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finance
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finance
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finance
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finance
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finance
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and now we'll go to uglish for five
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examples of this word in real situations
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we can finance that america's ideas
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instead of ideas from new york and san
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francisco
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finance that america's ideas
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lend money to businesses for those ideas
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we can finance that america's ideas
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instead of ideas from new york and san
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francisco here's another example so they
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they basically have this bunch of
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finance guys who sit in a room finance
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guys people who are experts in finance
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in managing the revenue of an
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organization or business
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so they they basically have this bunch
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of finance guys who sit in a room here's
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another example
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if you're the ideas person you might
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need a really grounded finance person
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finance person again a person who's an
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expert in finance in this case in the
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money side of running a business rather
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than the creative idea generating side
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of the business
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if you're the ideas person you might
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need a really grounded finance person
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another example it makes the finance
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team crazy
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so here she used the other pronunciation
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finance
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so far everyone has said finance and
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that's what i say but here she said
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finance the finance team the group of
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people focused on the financials and the
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financial health of the business or
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organization
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it makes the finance team crazy
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here's our last example
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some people go back and get jobs in
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finance and and and they want to make a
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lot of money
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jobs and finance in the field of finance
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in understanding and managing revenues
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money in money out some people go back
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and get jobs and finance and and then
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they want to make a lot of money
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now the word income
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income
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[Music]
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two syllable word with first syllable
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stress it's a noun and it means money
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that is earned from work investments
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business and so on
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farming was their main source of income
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[Music]
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even on two incomes we're having a hard
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time keeping up with our bills
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let's see this word up close and in slow
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motion again
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income
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[Music]
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income
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[Music]
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income
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income
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and now we'll go to uglish for five
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examples of this word in real situations
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he went down this path when many years
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ago he found himself struggling to
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support his family of eight with no job
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and no income
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no job and no income earning no money
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because of not having a job
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he went down this path when many years
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ago he found himself struggling to
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support his family of eight with no job
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and no income here's another example
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usually the ones against it represented
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some of the southern states because that
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was their source of income their source
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of income how they made money usually
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the ones against it represented some of
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the southern states because that was
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their source of income here's another
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example
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so you're dealing with
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low to moderate
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income folks all the time their income
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the amount of money they make is low to
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moderate they're not high income earners
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so you're dealing with low to moderate
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income folks all the time
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another example government policies and
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investments though have to prioritize
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growth in the sectors that will increase
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incomes of the poor increase the incomes
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of the poor
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the amount of money poor people are
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making at their jobs
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government policies and investments
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though have to prioritize growth in the
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sectors that will increase incomes of
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the poor here's our last example
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so we've seen
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wages and incomes sort of flatline wages
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and incomes
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wages here is what you make from work
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and income is more broad it can include
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things like your wages but also money
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you might make from investments
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so we've seen
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wages and incomes sort of flatline and
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finally today we have the word labor
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labor
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[Music]
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a two-syllable word with first syllable
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stress
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labor
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it's a noun it means physical or mental
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effort
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the cost of repairing the car includes
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parts and labor so parts this would be
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the things you need to have to replace
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in the car within labor the amount of
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time the effort the work of the person
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who had to put the new parts in
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also a verb it means to do work
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both sides continue to labor to find a
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solution
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let's look at this word up close and in
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slow motion again
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labor
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[Music]
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labor
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[Music]
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labor
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labor
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and now we'll go to english for five
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examples of this word in real situations
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there's something we're willing to pay
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for and
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labor for
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if you labor for something that means
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you work on it you put an effort to get
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something there's something we're
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willing to pay for and
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labor for here's another example
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farmers don't have the labor they need
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or the machinery to fully cultivate this
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land
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don't have the labor they need
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the people to do the work to help with
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the tasks of running the farm
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farmers don't have the labor they need
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or the machinery to fully cultivate this
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land
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another example
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many of the great inventions of the last
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200 years were designed to replace human
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labor
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replace human labor that means robots
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doing the work that people once had to
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do
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many of the great inventions of the last
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200 years were designed to replace human
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labor
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here's another example
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many young people
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and people of all ages have to try to
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enter the labor markets try to enter the
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labor markets that means get a job start
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working many young people
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and people of all ages have to try to
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enter the labor markets seeing their
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real-life examples can really help you
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understand how to use these words can't
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it i have a challenge for you now
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make up a sentence with one of these
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words and post it to social media tag me
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and use the hashtag rachel's english 30
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day challenge
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don't be shy you can do this
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our next video comes out tomorrow at 10
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a.m philadelphia time come back to learn
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four more vocabulary words in the
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meantime keep your studies going with
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this video and check out my online
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courses at rachelsenglishacademy.com
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you'll become a more confident english
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speaker and please do remember to
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subscribe i love being your english
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teacher
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that's it and thanks so much for using
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rachel's english
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