English Social Studies Unit-4

Terminology Definition

Supply To furnish or provide.

Demand An urgent or pressing requirement.

Profit Gain resulting from the employment of capital in any

transaction.

Inflation Rise in the general level of prices related to an increase

in the volume of money.
Market A specific group of consumers for a product.

Barters To trade by the exchange of commodities rather than by

the use of money.

Currency Something that is used as a medium of exchange;

money.

Risk The hazard or chance of loss.

Income The momentary payment received for goods and

services.

Scarcity Shortness of supply.

Charlie and the chocolate factory

Vocabulary words [February 17- 21]

Word Page Definition

Slab 17 Thick, flat, broad piece of something.

Absurd 23 Ridiculous or illogical.

Colossal 25 Very large
Astonishing 30 Amazing
Nourishment 38 Food that helps a person remain fit and
healthy.