Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/73

Click to flip

73 Cards in this Set

  • Front
  • Back
exports
to send goods to another country for sale:
imports
to buy or bring in products from another country:
trading partners
the activity of buying and selling, or exchanging, goods and/or services between people or countries:
unemployement
not having a job that provides money:
inflation
general, continuous increase in prices
export
noun
1 PRODUCT [C] a product that you sell in another country
Scottish beef exports to Japan

2 BUSINESS [U] the business of sending goods to another country in order to sell them there
the export of industrial goods
import
noun
1 PRODUCT [C] a product which is imported from another country
[usually plural] Japanese/American imports

2 ACTIVITY [U] when you import goods
a ban on the import of beef
Trade
verb
1 BUY AND SELL [I] to buy and sell goods or services, especially between countries
This will increase costs for companies trading with Asia.

2 EXCHANGE [T] MAINLY US to give something to someone and receive something else in exchange
He traded his guitar for a leather jacket.
unemployment
noun [U]
1 NUMBER the number of people who are unemployed
a rise/fall in unemployment
The unemployment rate has increased to 20 percent.

2 NO JOB when you do not have a job
inflation
noun [U]
the rate at which prices increase, or a continuing increase in prices
low/rising inflation
The inflation rate fell again last month.
inflation
a general, continuous increase in prices:
high/low inflation
taxation
the system of taxing people
revenue
the income that a government or company receives regularly
GDP
SPECIALIZED ABBREVIATION FOR Gross Domestic Product: the total value of goods and services produced by a country in a year:
If the GDP continues to shrink, the country will be in a recession.
manufacture
to produce goods in large numbers, usually in a factory using machines:
He works for a company that manufactures car parts.
The report notes a rapid decline in manufactured goods.
cluster
a group of similar things that are close together, sometimes surrounding something
brand
a type of product made by a particular company
recession
a period when the economy of a country is not successful and conditions for business are bad
revenue
the income that a government or company receives regularly
produce
to make something or bring something into existence:
Productivity
to make something or bring something into existence:
taxation
the system of taxing people
income
money that is earned from doing work or received from investments
revenue
the income that a government or company receives regularly:
corruption
dishonestly using your position or power to your own advantage, especially for money
investment
investment noun [C or U]

invest verb [I or T]
to put money, effort, time etc. into something to make a profit or get an advantage
cluster
group noun [C]
a group of similar things that are close together, sometimes surrounding something:
Have a look at the cluster of galaxies in this photograph.
There was a cluster of fans around him, asking for autographs.
global (WORLD)
adjective
relating to the whole world
brand (PRODUCT)
noun [C]
1 a type of product made by a particular company
2 brand of sth a particular type of something, or way of doing something
economic
adjective
making a profit, or likely to make a profit
growth
noun
1 [U] The growth of a person, animal or plant is its process of increasing in size:
A balanced diet is essential for healthy growth.
2 [U] an increase in the size or the importance of something
recession
noun [C or U]
a period when the economy of a country is not successful and conditions for business are bad
privatization

privatize
noun [U]
The last few years have seen the privatization of many industries previously owned by the state.

verb [T]
If a government privatizes an industry, company or service that it owns and controls, it sells it so that it becomes privately owned and controlled
economic
adjective [after noun]
relating to trade, industry and money
stability
noun [U]
when something is not likely to move or change
interest rate
noun [U]
1 money which is charged by a bank or other financial organization for borrowing money:
I got a loan with an interest rate of 10%.
flexible
adjective
able to change or be changed easily according to the situation:
My schedule is quite flexible - I could arrange to meet with you any day next week.
corrupt
adjective
1 dishonestly using your position or power to your own advantage, especially for money:
Both companies are under investigation for corrupt practices.
The whole system was corrupt - every official she approached wanted money before helping her.
export
to send goods to another country for sale
import
to buy or bring in products from another country
clusters
a group of similar things that are close together, sometimes surrounding something

People clustered around the noticeboard to read the exam results.
global brands
relating to the whole world
economic growth
the intentional saving of money or, less commonly, the saving of time, energy, words, etc
recession
a period when the economy of a country is not successful and conditions for business are bad
Exports
to send goods to another country for sale:
Imports
to buy or bring in products from another country
Trading partner
the activity of buying and selling, or exchanging, goods and/or services between people or countries
Unemployment
the number of people who do not have a job which provides money
Inflation
a general, continuous increase in prices
Balance
noun
1 WEIGHT [U] when the weight of someone or something is spread in such a way that they do not fall over
I lost my balance and fell off the bike.
The force of the explosion threw him off balance (= it was difficult for him to stay standing).

2 EQUAL [U,no plural] when the correct amount of importance is given to each thing so that a situation is successful
We hope to strike a balance between police powers and the protection of citizens.
The new factory will destroy the ecological balance in the area.
3 FAIR [U] when you consider all the facts in a fair way
I felt his report lacked balance.

4 on balance used to give your opinion after you have considered all the facts about something
On balance, I'd prefer a woman dentist to a man.

5 MONEY [C] the amount of money that you still have to pay, or that you have left to use
[usually singular] I always pay off the balance on my credit card each month.

6 be/hang in the balance
If something hangs in the balance, nobody knows if it will continue to exist in the future or what will happen to it.
After a bad year, Judd's career hung in the balance.
productivity
noun [U]
the rate at which goods are produced
high/low productivity
We need to increase productivity by 50%.
corruption
noun
1 [U] illegal, immoral or dishonest behaviour, especially by people in positions of power:
The film is about a young police-officer and his struggle to expose corruption in the force.
Political corruption is widespread throughout the country.

2 [C] in language, a word whose original form has been changed:
The swear word 'bloody' is wrongly thought by some to be a corruption of the words 'by our Lady.'
corporate
adjective
1 [before noun] relating to a large company:
corporate finance
a corporate merger
corporate executives

2 FORMAL of or shared by a whole group and not just of a single member:
All adults take corporate responsibility for the upbringing of the tribe's children.
regulation /deregulate
noun [C or U]
an official rule or the act of controlling:
safety/health/traffic/fire/security regulations
The correct procedure is laid down in the rules and regulations.
government regulation of inflation

verb [T]
to remove national or local government controls or rules from a business or other activity:
The government plans to deregulate the banking industry/the bus system.
manufacture
verb [T]
to produce goods in large numbers, usually in a factory using machines:
He works for a company that manufactures car parts.
The report notes a rapid decline in manufactured goods
corruption
adjective
1 dishonestly using your position or power to your own advantage, especially for money:
Both companies are under investigation for corrupt practices.
The whole system was corrupt - every official she approached wanted money before helping her.
Corporate Governance
adjective
1 [before noun] relating to a large company:
corporate finance
a corporate merger
corporate executives
Regulation
noun [C or U]
an official rule or the act of controlling:
safety/health/traffic/fire/security regulations
The correct procedure is laid down in the rules and regulations.
government regulation of inflation
exports
to send goods to another country for sale:
imports
to buy or bring in products from another country:
trading partners
the activity of buying and selling, or exchanging, goods and/or services between people or countries:
unemployement
not having a job that provides money:
inflation
general, continuous increase in prices
revenue
the income that a government or company receives regularly:
Taxes provide most of the government's revenue.
Government revenues fell dramatically.

(from Cambridge Advanced Learner's Dictionary)
income
noun [C or U]
money that is earned from doing work or received from investments:
Average incomes have risen by 4.5% over the past year.
More help is needed for people on low incomes.
I haven't had much income from my stocks and shares this year.
manufacture
noun [U]
noun [U]
Oil is used in the manufacture of a number of fabrics.
The amount of recycled glass used in manufacture doubled in five years.
service (ARMED FORCES)
noun [C or U]
He joined the air force in 1964 and spent ten years in the service.
All men under thirty-five were told to report for military service within three days.
Service personnel are subject to the Official Secrets Act.
flexibility
noun [U]
You can improve your flexibility by exercising
revenue
noun [U] (ALSO revenues)
the income that a government or company receives regularly:
Taxes provide most of the government's revenue.
Government revenues fell dramatically.
income
noun [C or U]
money that is earned from doing work or received from investments:
Average incomes have risen by 4.5% over the past year.
More help is needed for people on low incomes.
I haven't had much income from my stocks and shares this year
manufacturing
verb [T]
to produce goods in large numbers, usually in a factory using machines:
He works for a company that manufactures car parts.
The report notes a rapid decline in manufactured goods.
service
verb [T]
to examine a machine and repair any faulty parts:
I'm taking the car in to have it serviced this afternoon.
flexible
adjective
able to bend or to be bent easily without breaking:
Rubber is a flexible substance.
Dancers and gymnasts need to be very flexible (= able to bend their bodies easily).