The Hindu Editorial (Blue-sky visions) – Jul 05, 2019

Editorial Words

5 years ago

The Hindu Editorial (Blue-sky visions) – Jul 05, 2019

The Economic Survey for 2018-19 reflects the views of its principal author, Chief Economic Adviser (CEA) Krishnamurthy Subramanian… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Power play) – Jul 04, 2019.

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Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (Blue-sky visions) – Jul 05, 2019:

blue-sky (noun) – imaginative, innovative experimental/original.
posit (verb) – postulate, put forward, advance/submit.
attribute to (verb) – ascribe, assign; connect/associate with.
embrace (noun) – welcome, approval, adoption.
disequilibrium (noun) – lack of equilibrium, imbalance, instability.
stress (noun) – emphasis, importance.
draw upon (phrasal verb) – have recourse to, look to, rely on, make use of.
behavioural economics (noun) – a branch/method of economic research that adds elements of psychology to traditional models in an attempt to better understand decision-making by investors, consumers and other economic participants.
nudge (noun) – encouragement, prompt, stimulus.
tax compliance (noun) – the degree to which a taxpayer complies (or fails to comply) with the tax rules of his or her country, for example by declaring income, filing a return, and paying the tax due in a timely manner.
paradigm (noun) – model, pattern/example; world view.
sustained (adjective) – continuous, uninterrupted, constant.
take stock (phrase) – review, assess, evaluate.
slump (noun) – slide, decline, plummet/downturn.
bottom out (verb) – (of a situation) reach the lowest point.
animal spirits (plural noun) – this is a term that refers to the emotions and instincts that guide the behaviour of investors and consumers in a market economy. It was coined by British economist John Maynard Keynes to explain the persistence of economic fluctuations under capitalism. Keynes argued that investment and consumption are often based on how people feel about the overall economy rather than on unbiased, rational analysis of facts. (Courtesy: The Hindu).
rebound (verb) – recover, rally, pick up.
shy away from (phrasal verb) – avoid, recoil, withdraw nervously (due to fear/surprise/pain).
flag (verb) – indicate, identify, point out.
vulnerability (noun) – weakness, frailty, susceptibility.
crippling (adjective) – weakening, impairing, paralyzing.
drought (noun) – lack/dry spell, lack of rain, shortage of water.
circumspection (noun) – caution, carefulness/care, wariness.
warrant (verb) – justify, vindicate, validate.
optimistic (noun) – positive, confident, hopeful.
fiscal deficit (noun) – the difference between total expenditure and total income of the government.
apprehension (noun) – concern, worry, uneasiness.
shortfall (noun) – defect, blemish, fault/imperfection.
imperative (noun) – necessary/essential condition, requirement, requisite.
buoyancy (noun) – vigour/strength, high level of activity, growth.
sanctions (noun) – action taken, or an order given to force a country to obey international laws by limiting or stopping trade with that country, by not allowing economic aid for that country, etc (Courtesy: VOA Learning English).
prescription (noun) – (authoritative) recommendation, method, measure.
come into one’s own (phrase) – become fully effective, become fully recognized.
virtuous cycle (noun) – a virtuous cycle in the economy means that higher wages stimulate consumption, leading to higher prices and larger corporate profits. The A virtuous cycle is one where wages drive the cycle rather than external factors or even an increase in money supply due to fiscal mismanagement.
policy consistency (noun) – it means compatibility and uniformity of course of actions between the top to the bottom level stakeholders so that it can be correctly and efficiently followed by all of them without creating a conflict.
nourish (verb) – nurture, foster, maintain/sustain.