How Do You Spell LEAKAGES?

Pronunciation: [lˈiːkɪd͡ʒɪz] (IPA)

The word "leakages" is spelled with two short vowel sounds, represented by the phonetic symbols /i/ and /æ/. The first syllable, "leak," is pronounced with an /i/ sound, as in the word "beak," while the second syllable, "ages," is pronounced with an /æ/ sound, as in the word "cat." Together, these sounds form the word "leakages," which refers to the loss or escape of fluids or gases from a container. It is important to spell words correctly to ensure clear communication and avoid confusion.

LEAKAGES Meaning and Definition

1. Leakages refer to the economic term used to describe the withdrawal of income from the circular flow of goods and services within an economy. In simpler terms, leakages represent the funds that are diverted from the economy, reducing the total amount of money available for spending on goods and services. These leakages occur through three primary channels: saving, taxation, and imports.

   The first source of leakages is saving, which refers to the portion of income that is not spent on consumption but is retained for future use. When individuals or businesses save money rather than spending it on goods and services, it results in a leakage from the economy, as those funds are removed from the circular flow.

   Taxation is another significant leakage in the circular flow. When taxes are imposed on individuals and businesses by the government, it reduces the disposable income available for spending. The funds collected through taxes are then used for various public purposes, which serve as leakages from the economy.

   Lastly, imports are also seen as leakages, as they represent spending on goods and services produced outside the domestic economy. When a country imports more than it exports, it results in an outflow of money from the economy, thus acting as a leakage from the circular flow.

   Understanding leakages is crucial in analyzing an economy's overall economic activity and determining its potential impact on economic growth.

Common Misspellings for LEAKAGES

• lekage
• leages
• leakkage
• leakeage
• leauges
• leadkages
• leekage
• leakge
• leackage
• lleakage
• leakege
• leaksge
• reckages
• lekeges
• Melkagen
• Stakagee
• lenkages
• leaniges

Etymology of LEAKAGES

The word leakage has its roots in the Middle English word leken, which means to leak or to allow the escape of fluid. This Middle English word is derived from the Old English lecce, meaning a leak or to drop. The origin of the Old English word can be traced back to the Proto-Germanic word lekijanan, which has the same meaning of to leak. Ultimately, the Proto-Germanic word is believed to come from the Proto-Indo-European root *leg, which carries the sense of to drip or to pour.