ECONOMIC TERMS AND THEIR SIGNIFICANCE IN ENGLISH LANGUAGE
Keywords:
Economic terminology, Globalization, Financial literacy, Monetary policy, Economic communication, Professional education, Global awareness.Abstract
This research article investigates the essential function of economic terminology in explaining and interpreting modern financial systems. It argues that a deep understanding of economic language improves analytical precision, enhances decision-making, and supports financial literacy in a global context. The study outlines key economic concepts—such as inflation, monetary policy, and trade balance—and explains how the use of accurate terminology shapes economic dialogue and academic discourse. In addition, it explores the integration of economic vocabulary into higher education to strengthen professional communication and global awareness. The paper concludes that mastering economic terminology is fundamental for navigating the complexities of the modern economy.
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