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Government

TO CEDE sid

13 Oct 2022

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

11 Oct 2022

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

05 Oct 2022

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  

28 Sep 2022

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.
 
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