Cost or costs?

In the metal and mining sector, companies are facing significant problems (Hopwood, 2018). For example, they face increasing production cost due to the rapid development of new mining technologies.

Like much basic vocabulary in the field of economics, cost is a difficult word! First of all this is one of those words that can be countable and uncountable, and secondly there are some usage peculiarities with each. Continue reading

Market(s) and ‘the market’

It is important to test products on animals before releasing them commercially to markets.

The problem here is that there are two kinds of market – physical and virtual – and in this example, markets (plural) suggests more than one physical market, while releasing them commercially suggests more than one virtual market. Let’s take a look at some examples. Continue reading

No Money No Honey

IELTS often requires us to talk about money and how we spend it, so here’s a song illustrating some common collocations. Lyrics are embedded in the video.

Notice that we do not usually say “The price is expensive.” This is acceptable collocation in some languages (Indonesian flag!), but not in English – see here, here and here. Continue reading

Reconstructing consumerism with Skidelsky

  1. Think about – or better still, chat to a friend – about consumerism. Why do we love shopping so much? (Indonesian flag Indonesians check out the difference between consumeristic and consumptive!)
  2. Watch the video and listen to what Robert Skidelsky has to say about consumerism.
  3. Then attempt to reconstruct what Skidelsky says using the app below. Watch the video again if necessary!

Continue reading