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73 Cards in this Set
- Front
- Back
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exports
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to send goods to another country for sale:
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imports
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to buy or bring in products from another country:
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trading partners
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the activity of buying and selling, or exchanging, goods and/or services between people or countries:
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unemployement
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not having a job that provides money:
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inflation
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general, continuous increase in prices
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export
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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 |
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import
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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 |
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Trade
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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. |
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unemployment
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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 |
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inflation
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noun [U]
the rate at which prices increase, or a continuing increase in prices low/rising inflation The inflation rate fell again last month. |
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inflation
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a general, continuous increase in prices:
high/low inflation |
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taxation
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the system of taxing people
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revenue
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the income that a government or company receives regularly
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GDP
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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. |
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manufacture
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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. |
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cluster
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a group of similar things that are close together, sometimes surrounding something
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brand
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a type of product made by a particular company
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recession
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a period when the economy of a country is not successful and conditions for business are bad
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revenue
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the income that a government or company receives regularly
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produce
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to make something or bring something into existence:
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Productivity
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to make something or bring something into existence:
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taxation
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the system of taxing people
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income
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money that is earned from doing work or received from investments
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revenue
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the income that a government or company receives regularly:
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corruption
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dishonestly using your position or power to your own advantage, especially for money
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investment
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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 |
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cluster
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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. |
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global (WORLD)
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adjective
relating to the whole world |
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brand (PRODUCT)
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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 |
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economic
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adjective
making a profit, or likely to make a profit |
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growth
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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 |
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recession
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noun [C or U]
a period when the economy of a country is not successful and conditions for business are bad |
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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 |
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economic
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adjective [after noun]
relating to trade, industry and money |
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stability
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noun [U]
when something is not likely to move or change |
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interest rate
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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%. |
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flexible
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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. |
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corrupt
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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. |
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export
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to send goods to another country for sale
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import
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to buy or bring in products from another country
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clusters
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a group of similar things that are close together, sometimes surrounding something
People clustered around the noticeboard to read the exam results. |
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global brands
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relating to the whole world
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economic growth
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the intentional saving of money or, less commonly, the saving of time, energy, words, etc
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recession
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a period when the economy of a country is not successful and conditions for business are bad
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Exports
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to send goods to another country for sale:
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Imports
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to buy or bring in products from another country
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Trading partner
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the activity of buying and selling, or exchanging, goods and/or services between people or countries
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Unemployment
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the number of people who do not have a job which provides money
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Inflation
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a general, continuous increase in prices
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Balance
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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. |
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productivity
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noun [U]
the rate at which goods are produced high/low productivity We need to increase productivity by 50%. |
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corruption
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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.' |
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corporate
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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. |
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regulation /deregulate
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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. |
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manufacture
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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 |
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corruption
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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. |
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Corporate Governance
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adjective
1 [before noun] relating to a large company: corporate finance a corporate merger corporate executives |
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Regulation
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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 |
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exports
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to send goods to another country for sale:
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imports
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to buy or bring in products from another country:
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trading partners
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the activity of buying and selling, or exchanging, goods and/or services between people or countries:
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unemployement
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not having a job that provides money:
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inflation
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general, continuous increase in prices
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revenue
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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) |
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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. |
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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. |
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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. |
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flexibility
noun [U] |
You can improve your flexibility by exercising
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revenue
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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. |
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income
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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 |
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manufacturing
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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. |
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service
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verb [T]
to examine a machine and repair any faulty parts: I'm taking the car in to have it serviced this afternoon. |
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flexible
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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). |
