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Vocabulary Set 1

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1. analysis (n) the act of studying or examining something in detail

2. approach (v) to come near or nearer to something or someone in space,


time, quality, or amount

3. area (n) a particular part of a place, piece of land, or country

4. assessment (n) the act of judging or deciding the amount, value, quality,
or importance of something

5. assume (v) to accept something to be true without question or proof

6. authority (n) the moral or legal right or ability to control

7. available (adj) able to be bought or used

8. benefit (n) a helpful or good effect, or something intended to help

9. concept (n) a principle or idea

10. consistent (adj) always behaving or happening in a similar

11. constitutional allowed by or contained in a constitution


(adj)

12. context (n) the situation within which something exists or happens

13. contract (n) a legal document that states and explains a formal agree-
ment between two different people or groups

14. create (v) to make something new

15. data (n) information collected to be examined and considered to


help decision-making

16. definition (n) a statement that explains the meaning of a word or phrase

17. derived (adj) coming from or caused by something else

18. distribution (n) the process of giving things out to several people

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Vocabulary Set 1
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19. economic (Adj) relating to trade, industry, or money

20. environment (n) the air, water, and land in or on which people, animals, and
plants live

21. established (adj) accepted or respected because of having existed for a


long period of time

22. estimate (v) to guess or calculate the cost, size, value, etc. of some-
thing

23. evidence (n) anything that helps to prove that something is or is not true

24. export (v) to send goods to another country for sale

25. factors (n) a fact or situation that influences the result of something

26. financial (adj) relating to money or how money is managed

27. formula (n) a standard or accepted way of doing or making something

28. function (n) the natural purpose (of something) or the duty (of a per-
son)

29. identify (v) to recognize a problem, need, fact, etc. and to show that
it exists

30. income (n) money that is earned from doing work or received from
investments

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