Level 3 Level 5

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affluence(n)
wealth and affluence.
scarcity(n)
The scarcity of employment or opportunities / scarcity of clean water.
distortion(n)
The distortion of the facts
stagger(v)
Tom staggered drunkenly into the kitchen.
allocation(n)
The management of resource allocation involves giving attention to the all these matters.
rigid(adj)
A society with rigid traditions or rigid plastic.
incentive(n)
awards are an incentive or motivation for children to work hard.
aggregate(n)
in the aggregate, women outlive men by 7 or more years.
equilibrium(n)
economic equilibrium.
deflation(n)
The government deflation policies.