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From Longman Business Dictionarywealth effectˈwealth efˌfect [singular]ECONOMICS the effect of share prices on spending. For example, when share prices are high, investors feel that they can afford to spend a lot of moneyAfter the stockmarket crash, pessimists cited the wealth effect to support forecasts of deep recession. → effect
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May 11, 2025

candle
noun ˈkændl
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