Read the lesson in English  
then translate to your own language to verify your understanding.

Grants, Subsidies and Stimulus Payments | English Lesson

Sep 27, 2021

Our topic today? Grants, subsidies, and stimulus payments. That’s right. Free money! The best money of all!

VOCABULARY

  • Allowance: money that you are given regularly, especially to pay for a particular thing:
  • Benefit: an advantage such as medical insurance, life insurance, and sick pay, that employees receive from their employer in addition to money.
  • Bursary: an amount of money given to a person by an organization, such as a university, to pay for them to study.
  • Grant: an amount of money given especially by the government to a person or organization for a special purpose:
  • Subsidy: money given as part of the cost of something, to help or encourage it to happen.
  • Stimulus payment: A payment usually made by a government to stimulate the economy by providing consumers with some spending money.

Now listen to me as I give some examples of this vocabulary.

Allowance: Some of the job benefits include a company pension and a generous travel allowance.

Benefits: In addition to my salary, I get a pension and medical benefits.

Grant: The scientist at the university received a research grant to help fund her investigation.

Subsidy: In the United States, the government subsidizes agriculture through cash payments and essentially non-repayable loans to farmers.

Stimulus payment: During the pandemic, some governments gave stimulus payments to their citizens in order to boost consumption and provide business for retailers and manufacturers.

CONCLUSION

That is all for today. If you enjoyed this lesson, check out our lesson on Universal Basic Income (UBI), and improve your English financial vocabulary. The “English for Economists” podcast is new, so this is a good time to share it with your friends and colleagues. Also, if you have any suggestions or comments, write to me at alan@englishforeconomists.com. I would very much enjoy hearing from you. So, until next time, this is Alan Robert at English for Economists, wishing you a fantastic day. Take care!

 

Join Our Podcast Club

You Can Also Subscribe to Our Podcast On These Platforms:

Follow us on spotify
Apple Podcast

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Latest Podcasts

The Meaning of ‘Upflation’

The Meaning of ‘Upflation’

Improve your pronunciation and expand your vocabulary with the new “Economists in Action” video course. Four hours of instruction for anyone who wants to improve their ability to speak about the economy in English. Find it now on Udemy, or at Englishforeconomists.com....

‘Raking in’ the Profits

‘Raking in’ the Profits

Today we are going to unpack not one, but two useful expressions, and by ‘unpack’, I mean that we will break them down in order to understand their meaning. Listen closely. This first headline comes from CNN News. It reads: "Why oil companies are ‘raking in’ record...

The 996 Culture

The 996 Culture

What is the 996 culture? This refers to a work schedule that has been making waves in the tech industry, particularly in China. Yes, the "996" culture. It’s a practice that's been both supported and criticized for its impact on employees and companies alike. But...

Shrinkflation, Skimpflation and the ‘Sheconomy’

Shrinkflation, Skimpflation and the ‘Sheconomy’

Hello, friends. It’s great to be back. Having been away for quite some time, I've prepared a special episode for you. Today, we're not just covering one but two headlines. As we look at these stories, I'll introduce you to some fascinating terms that describe very...

‘White Swan’ and ‘Black Swan’ Events

‘White Swan’ and ‘Black Swan’ Events

Today, we're exploring a fascinating topic that has attracted a lot of attention in financial circles: the concept of Black Swan and White Swan events. Our discussion and English class today was inspired by a recent Bloomberg article from January 30th titled, "A...