Government

PRIVATIZATION praɪvəˌtaɪz

31 Mar 2020

Noun

  • to transfer from public or government control or ownership to private enterprise.
Example Sentence: The privatization of health care is an important issue.
 

INCENTIVE ɪnˈsɛntɪv

29 Mar 2020

Noun

  • 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

Noun

  • 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

Noun

  • 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

Noun

  • 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

Verb

  • 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

Noun

  • 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

Noun

  • 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

Noun

  • 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

Noun

  • 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

Adjective

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

BOOM bum

02 Mar 2019

Verb

  • 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

Noun

  • 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

Noun

  • 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

Phrase

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