Government

RECESSION rɪˈsɛʃən

09 Jan 2021

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

08 Nov 2020

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.
 

BIPARTISAN baɪˈpɑrtəzən

06 Aug 2020

Adjective

  • 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.
 

ALLIANCE əˈlaɪəns

10 Jul 2020

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.
 

TO CEDE sid

04 Jul 2020

Verb

  • to give rights, some land, an area, a part of something to another person/company/country etc, usually unwillingly.
Example Sentence: In 1664 New Amsterdam was ceded to the British.
 

FORECAST fɔrˌkæst

02 Jul 2020

Noun

  • prediction; a statement concerning the future of something (e.g. a market segment, a product, exchange rates).
Example Sentence: The agency issued a gloomy forecast about the future of the sector.
 

LAISSEZ-FAIRE lɛseɪ ˈfɛr

26 Jun 2020

Noun

  • a style of management when the manager sets the task and then allows the employees to complete it with more or less independence and with only a minimal involvement from his side.
Example Sentence: The laissez-faire management style of the CEO really inspires colleagues and spurs growth.
 

GROSS NATIONAL PRODUCT  

19 Jun 2020

Noun

  • the total value of all the services and goods produced by a certain country a year including the income from abroad.
Example Sentence: Why should we be happy when our GNP increases?' It is a question every economist can answer very easily.
 

LAW-ABIDING lɔəˌbaɪdɪŋ

20 Apr 2020

Adjective

  • respecting the law.
Example Sentence: We are all law-abiding citizens. However, in business sometimes we have to interpret certain regulations in a bit more flexible way in order to remain profitable in the current crisis
 

ESPIONAGE ɛspiəˌnɑʒ

19 Apr 2020

Noun

  • the activity of secretly acquiring information about another company/competitor/country etc in order to gain an unfair advantage.
Example Sentence: Industrial espionage has always been a real threat in this country, and things don't seem to be improving under the new regulations either.
 

TO PLEDGE plɛdʒ

15 Apr 2020

Verb

  • to make an official/serious promise to do something.
Example Sentence: The minister pledged to support the reconstruction of the old town despite the financial crisis.
 

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.
 
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