UNIT 5: DEMAND AND SUPPLY

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36 Terms

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demand

n. cầu

a need for goods or services that customers want to buy or use

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increasing/rising/ growing demand

cầu tăng

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declining/ falling/ slowing demand

cầu giảm

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demand

(v): yêu cầu, đòi hỏi

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demand sth/ to do sth

cần cái gì/ cần làm gì

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quantity

(n): lượng, số lượng

the amount or number of sth, especially that can be measured

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quantity demanded

n. lượng cầu

the quantity of goods and services buyers are willing and able to buy at a certain price in a period of time

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quantity supplied

n. lượng cung

the quantity of goods and services sellers are willing and able to sell at a certain price in a period of time

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supply

n. cung

refers to all possible quantities of a good or a service that the sellers are able and willing to sell at all possible prices.

v. cung cấp

to provide materials, or goods and services

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supply sth to/for sb/ sth

cung cấp cái gì cho ai/ cái gì

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suppy sb/sth with sth

cung cấp ai/ cái gì với cái gì

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price of good

giá của 1 hàng hóa

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market price

n. giá thị trường

the price at which buyers and sellers trade the item in an open marketplace

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possible prices

các mức giá có thể

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a particular price

1 mức giá cụ thể

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curve

n. đường cong

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demand curve/ supply curve

đường cầu/ đường cung

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move

v. di chuyển

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movement

sự di chuyển

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shift

v,n. dịch chuyển, sự dịch chuyển

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shift sth to sth

chuyển đổi cái gì sang cái gì

dịch chuyển cái gì sang đâu

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shift factors

yếu tố phi giá= non price factors

things that cause shift of a demand/ supply curve

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specific

adj. cụ thể

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be able to do sth

có thể làm gì

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be willing to do sth= want to do sth

muốn làm gì

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minimum wages

n. lương tối thiểu

the least amount of regular money you earn for work or service

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incentives

n. khuyến khích

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subsidies

n. trợ cấp

money granted by government to help an industry

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market mechanism

n. cơ chế thị trường

the manner in which consumers and producers can determine the price and quantity the things produced

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equilibrium

n. cân bằng

the economic condition in which there is neither excess demand nor excess supply in a market

is a situation in which there is no tendency for change

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equilibrium point

n. điểm cân bằng

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equilibrium between sth and sth

cân bằng giữa cái gì với cái gì

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constant

adj. không đổi

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keep/hold sth constant

giữ nguyên cái gì

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illustrate sth

minh họa cái gì/ điều gì

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expectation

n. sự mong đợi, mong muốn

strong hope and belief that sth will happen