Essential Business and Economic Terminology Explained
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Barriers
Women fight for the elimination of discriminatory barriers.
Open Borders
Couldn't there be open borders for people?
Developing Industries
Tourism will remain one of the world's fastest developing industries.
Tariffs
The tariffs will be eliminated over a maximum period of 12 years.
Strategic Industries
Support for strategic industries comes from the government.
Restrictions
There are no restrictions on participation in the draw.
Quotas
Fishermen have to respect fishing quotas.
Laissez-Faire
Free trade is not the same as laissez-faire.
Liberalise
There is a need to liberalise access to markets.
Customs
I went through customs without any problem.
Deregulation
The crisis demonstrates the problems of deregulation and globalization.
Subsidise
The money should not be used to subsidise particular sectors.
Regulations
Companies have to respect commercial regulations.
Praise
Accepting praise for someone else’s ideas.
Claiming
Claiming extra expenses.
Estate Agent
Find the best real estate agent for your home.
Civil Servant
At that time, I was a civil servant in the delegation.
Fare
The bus fare in the city is affordable.
Gap
There is a marked gap between rural and urban areas.
Unfair
The union is fighting against unfair dismissals.
Import
The import and export of goods is vital for a stable economy.
Consignment
The consignment of food is done by air.
Survey
I would like to participate in the survey.
Supplier
I am the only supplier of the brand in Italy.
Blaming
It seems to me that he is blaming everybody else.
Commitment
Success usually demands commitment.
Labour Unions
The labour unions are crucial to ensure the protection of migrants.
Upturn
The economy experienced an upturn in the last months.
Surplus
There was a budget surplus at the end of the year.
Dispute
After the dispute, we made up.
Insurance
The insurance policy includes cover for loss.
Résumé
A good résumé is your best job-hunting tool.
Professional Attributes
Creative / Reliable / Ambitious / Analytical / Objective: The advertising agency hired a new creative director.
Undertake
I want to undertake a journey around the world.
Wage
The wages will be paid at the end of the month.
Ombudsman
The role of ombudsman also demands a certain ability to perform the job.
Free Port
I am in favor of free port services; New York became a free port for refugees.
Dumping
The company cleans its dumping; the company is dumping toxic fluids in the river.
Cultural Awareness
He was always interested in community involvement and cultural awareness.
Probationary Period
All workers have a probationary period.
Covering Letter
I have to write a covering letter for my future job.
Severance Packages
The company is offering voluntary severance packages.