The Hindu Editorial (An economics fix) – Oct 12, 2018

American economists William D. Nordhaus and Paul M. Romer were jointly awarded the 50th economics Nobel prize this week in recognition of their work on economic growth and its long-run sustainability. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (An economics fix) – Oct 12, 2018.

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Today’s word list-2 for The Hindu Editorial (An economics fix) – Oct 12, 2018:

1. sustained (adjective) – continuous, uninterrupted/prolonged, constant.
2. sustainable (adjective) – acceptable, valid/reliable, dependable.
3. devote (verb) – allocate, assign, allot/give (one’s full time).
4. externality (noun) – consequence, result/ outcome, repercussion ( due to an industrial or commercial activity).
5. spillover (noun) – repercussion, consequence, outcome (unexpected one).
6. pioneer (noun) – front runner, pathfinder, creator.
7. quantify (verb) – determine, evaluate, measure.
8. in turn (phrase) – in succession, successively, sequentially.
9. climate change (noun) – a long-term change in the Earth’s climate, or of a region on Earth (Courtesy: NASA).
10. carbon tax (noun) – a tax levied on the carbon contents used by the burning fossil fuels (gasoline, natural gas, coal and oil) so as to reduce the amount of greenhouse gas (carbon dioxide) released into atmosphere.
11. detrimental (adjective) – harmful, dangerous, inimical.
12. in the long run (phrase) – eventually, in the end.
13. on the other hand (phrase) – as an alternative, as another option/substitute.
14. endogenous (adjective) – relating to something which is developed & caused inside the system.
15. outgrowth (noun) – result, aftermath, outcome/effect.
16. undersupply (noun) – shortage, scarcity, insufficiency.
17. flaw (noun) – defect, fault/imperfection, limitation.
18. arrive at (verb) – achieve, attain, reach.
19. objective (noun) – intention, purpose, target/aim.
20. nonetheless (adverb) – notwithstanding, nevertheless, in spite of that/however.

Note:

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s word list-2 for The Hindu Editorial (An economics fix) – Oct 12, 2018:

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