INCENTIVE ɪnˈsɛntɪv

29 Mar 2020


  • something which encourages somebody to do something.
Example Sentence: The tax incentives are aimed at attracting more foreign business.

INFLATIONARY SPIRAL /ɪnˈfleɪʃəˌnɛri spaɪrəl/

15 Jan 2020


  • An inflationary spiral is when salaries and prices take turn to grow in short intervals.
Example Sentences: Recent rises in inflation are more likely to weaken consumer spending than lead to an inflationary spiral of higher salaries and prices.

UNEMPLOYMENT BENEFIT /ʌnɛmˈplɔɪmənt bɛnəfɪt/

11 Jan 2020


  • Unemployment benefit is regularly paid by the government to people who do not have a job.
Example Sentence: Over 2 million people in the United Kingdom receive unemployment benefit.

DEREGULATION diˈrɛgyəˌleɪt

21 Aug 2019


  • the reduction of rules that aim to control an industry .
Example Sentence: Their success is partly due to deregulation of the industry.

DECENTRALISE diˈsɛntrəˌlaɪz

22 Jun 2019


  • to move control of an organisation from one (central) body to several smaller ones.
Example Sentence: Many attempts have been made in recent years to decentralise power.

POLICY pɒləsi

06 Jun 2019


  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.

LOOPHOLE lupˌhoʊ

27 May 2019


  • a mistake in the law that allows people to do something that they should not.
Example Sentence: Their lawyers found a loophole in the law and they were acquited.

INCOME BRACKET ɪnkʌm brækɪt

25 May 2019


  • a category of taxpayers based on their level of income.
Example Sentence: The tax will mainly effect people in the higher income bracket.

FREE MARKET fri mɑrkɪt

21 May 2019


  • a market that is not influenced by the government.
Example Sentence: He supports a free market for goods in Europe.

DOMESTIC dəˈmɛstɪk

20 Mar 2019


  • relating to a country's internal economy or businesses.
Example Sentence: They are attempting to protect the domestic industries.

BOOM bum

02 Mar 2019


  • a period of economic improvement and increased consumption.
Example Sentence: There was a boom in the 1980s in the UK.

ALLIANCE əˈlaɪəns

25 Feb 2019


  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.

RECESSION rɪˈsɛʃən

02 Dec 2018


  • a period of economic decline and reduced consumption.
Example Sentence: After the boom of the 1980's the UK economy went into recession.

RED TAPE rɛd teɪp

02 Oct 2018


  • rules and regulations that seem unnecessary.
Example Sentence: There is a lot of red tape when you try to start up a new business.

BIPARTISAN baɪˈpɑrtəzən

30 Jun 2018


  • involving two political parties.
Example Sentence: Yesterday there was a bipartisan meeting on the issue of health care reform at the headquarters of the governing party.