Question

ESLPod_0460_WE_0594 Working in a Bad Economy The word "economy," in this podcast, means the financial system where things are made, bought, and sold in a particular country or region: "Coal exports are a big part of that country's economy." The phrase "false economy" refers to something that one does to try to save money, but actually ends up being more expensive: "They tried to save money by not getting the oil changed in their car, but it was a false economy, because then they had to make a much more expensive repair a few months later." The phrase "economies of scale" is used to talk about the way that it is often cheaper to make or buy many things at once, rather than one at a time: "Big families can benefit from economies of scale when, for example, they buy huge packages of rice or toilet paper."

Accepted Answer

ESLPod 460 economy Business

Id	ESLPod_0460_WE_0594
Episode Id	ESLPod 460
Episode Title	Working in a Bad Economy
Phrase	economy
Text	The word "economy," in this podcast, means the financial system where things are made, bought, and sold in a particular country or region: "Coal exports are a big part of that country's economy." The phrase "false economy" refers to something that one does to try to save money, but actually ends up being more expensive: "They tried to save money by not getting the oil changed in their car, but it was a false economy, because then they had to make a much more expensive repair a few months later." The phrase "economies of scale" is used to talk about the way that it is often cheaper to make or buy many things at once, rather than one at a time: "Big families can benefit from economies of scale when, for example, they buy huge packages of rice or toilet paper."
Topics	Business

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