Vocabulary 7 Flashcards
consequences of their actions
results of what they did
reckless investment spurred on
speculation created by
underlying causes
foundations
sub-prime mortgage scandal
trading bad mortgages
global financial crisis
economic downturn
homeowners
people who own houses
retirement savings
nest egg
unchecked
without regulation
tend
likely to
exceed
over-the-top
left to reckon with the aftermath
have to deal with the results
crucial drive
important desire
on its own
by itself
serve as good role models
someone to look up to
inspire
encourage
check ambition with conscience
control your worst desires
come to the conclusion
now believe
retired seniors
old people no longer working
left to their own meagre resources
have to survive with little
liable
responsible/at fault
incentivized
encouraged
handle their own finances
be in charge of their own money
government backed retirement plan
pension/national retirement funds
dire condition
difficult situation
deserving due attention
worth thinking about
war veterans
people who fought in wars/battles
physical or psychological impairments
injured in their body or mind
victims
people hurt
economic downturns
recessions/depressions/bad market
fall on the mercy of society
require help from society
wind up
end up
soup kitchens
where the homeless line up for food
seeking out chronic charity
always be in need of help
begging
asking for money
last refuge
final hope
best position
good vantage point
lend a helping hand
help out
ownership of one’s own future
in charge of your own destiny
decent retirement fund
enough money to live on after working
little incentive
no reason to
make wise investments
put your money into good projects
large sample sizes
lots of people
granted
I concede that
poses
holds
sizeable national risk
big possible drawbacks for the country
analogous example
instructive similar situation
provide for them early on
raise them
take responsibility for their own lives
be self-sufficient
coddle
spoil, treat too well
spoiling them
letting them do whatever they want
fund
give money to
deprive
keep from
self-reliant
independent
mature
adult
odd unavoidable case of desperation
occasional difficult situation
a degree of balance
some equality
allow for
make possible
exceptions
outside the norm
nurturing
encouraging/growing
life-affirming values
considering healthy habits good
Ambiguity
Lack of clarity or uncertainty in meaning
Claustrophobic
Feeling of being confined or restricted in a small or crowded space
socially conscious public figures
politicians and popular people who care about society
called on
asked for
show greater responsibility
take on more responsibility
depend on
rely on
extend
goes on
ethical management
moral direction
operations
their business
largely outside their purview
mostly not what they are involved in
obligation
duty
ethical
what’s right/wrong
conducting
doing/handling
manner
way/method
contribute greatly
add a lot to
betterment
improvement
grocery shop
food shop
living wage
enough money to live on
charges fair prices
not too expensive goods
keeps accurate books
do not cheat/conceal money
taken in the aggregate
considered altogether
innumerable benefits
great gains
patrons
customers
no exception
includes
adhering
following
regulations
rules
moral compass
ethical/know what is right and wrong
exact a heavy toll
take a lot away
in exchange for
for
services
what a business provides
societal ills
hurt society
culpable
liable/responsible
stable
consistent
content society
happy
lies squarely
belongs entirely to
notwithstanding
regardless of
private enterprise schools
schools owned by businesses
direct contact
personally
textbooks
coursebooks
bear full responsibility
take complete responsibility for
direct influence
clear source
sole burden of care
singly responsible
in contact with
interact with
assume a full burden of responsibility
take all the responsibility
free market companies
capitalist companies
supplant national governments
take the place of governments
