Commencement
The start of something
Munchkin
A kid or a short person
Peril
Serious danger
Populist
A person who prescribes to a political point of view called populism which aims to represent the interests of ordinary people
Presence
Being present in a place/situation
Scarce
Not widely available/rare
Subsidies
Money given by the government to other entities (businesses) to help them
Tolerate
To bear/endure something
Vast
Expansive; large in quantity
Vacant
Not being used/lived in