TOEFL Vocabulary: Advanced society, economy, and policy
40 hard-tier words, each with a short plain-English definition, followed by a quick quiz to check what stuck.
Test Ninjas Research · Updated October 1, 2026
Fiscal, jurisdiction, externality, reciprocity, constituency: higher-level social-science vocabulary. It appears in academic texts about governments and economies, and a few of these words can sharpen a discussion post on a public issue.
Advanced society, economy, and policy is one of the hard themes in our TOEFL vocabulary list, where you can also find how the tiers work.
The 40 words
Advanced society, economy, and policy — Hard tier
#
Word
Meaning
Tier
1
accountability
the duty to explain actions and accept consequences
Hard
2
austerity
a policy of sharply limiting public spending
Hard
3
bureaucracy
an administrative system with formal rules
Hard
4
civic
related to citizens and public life
Hard
5
coalition
a group joined for a shared purpose
Hard
6
collective
done or shared by members of a group
Hard
7
commodity
a basic good bought and sold in markets
Hard
8
constituency
the people represented by an official or group
Hard
9
demographic
related to the features of a population
Hard
10
deregulate
to remove government controls from an activity
Hard
11
disparity
a large or meaningful difference
Hard
12
displacement
the forced movement of people from a place
Hard
13
entrepreneurship
the creation of new business ventures
Hard
14
externality
a cost or benefit affecting a third party
Hard
15
fiscal
related to public money and taxation
Hard
16
inequality
unequal access to resources or opportunities
Hard
17
jurisdiction
the area or matter under an authority's control
Hard
18
monopoly
a market controlled by one seller
Hard
19
norm
a behavior expected within a group
Hard
20
ordinance
a rule made by a local government
Hard
21
participatory
involving people in making decisions
Hard
22
privatize
to move an activity into private ownership
Hard
23
procurement
the formal process of obtaining goods or services
Hard
24
reciprocity
a pattern of giving and receiving in return
Hard
25
redistribution
the movement of resources among groups
Hard
26
sanction
a penalty used to enforce a rule
Hard
27
sovereignty
independent authority over a territory
Hard
28
taxation
the collection of money by a government
Hard
29
tenure
the right to hold a position or property over time
Hard
30
underrepresented
present in a smaller share than expected
Hard
31
workforce
all people available for or engaged in work
Hard
32
advocacy
public support for a cause or policy
Hard
33
bilateral
involving two sides or parties
Hard
34
equitable
fair in its treatment or distribution
Hard
35
legislation
laws made through a governing body
Hard
36
lobbying
efforts to influence official decisions
Hard
37
ratify
to formally approve an agreement
Hard
38
reform
a change intended to improve an institution
Hard
39
socialize
to teach or learn a group's expected behavior
Hard
40
subsidize
to support an activity with money
Hard
Self-check: match the meaning
Cover the table above. Here are 8 of the 40 advanced society, economy, and policy words, starting with accountability: choose the word each definition describes.
the duty to explain actions and accept consequences
accountability
externality
taxation
legislation
Show answer
A. accountability
done or shared by members of a group
norm
collective
bilateral
subsidize
Show answer
B. collective
a large or meaningful difference
reciprocity
reform
disparity
coalition
Show answer
C. disparity
unequal access to resources or opportunities
tenure
bureaucracy
deregulate
inequality
Show answer
D. inequality
involving people in making decisions
participatory
equitable
constituency
fiscal
Show answer
A. participatory
a penalty used to enforce a rule
socialize
sanction
entrepreneurship
ordinance
Show answer
B. sanction
all people available for or engaged in work
civic
monopoly
workforce
redistribution
Show answer
C. workforce
efforts to influence official decisions
demographic
procurement
underrepresented
lobbying
Show answer
D. lobbying
Using advanced society, economy, and policy words on the test
In Read an Academic Passage, civic and disparity often carry a paragraph's main point, so check how each one connects to the sentence before it.
In Listen to an Academic Talk, a speaker may define monopoly or redistribution on the spot; note the definition, not just the word.
In the Academic Discussion, advocacy and socialize can make your position precise; use them in a sentence that also gives a reason.
40, from accountability to subsidize, all in the hard tier of our TOEFL list. The self-check quiz on this page tests 8 of them, beginning with accountability.
Language like this is most useful in Read an Academic Passage, Listen to an Academic Talk and Academic Discussion. Treat them mainly as recognition vocabulary; passages usually give enough context for the specialist terms.
Start with collective (done or shared by members of a group); inequality (unequal access to resources or opportunities); sanction (a penalty used to enforce a rule). In Read an Academic Passage, civic and disparity often carry a paragraph's main point, so check how each one connects to the sentence before it.