Kolokwium angielski 21.05 vol.2

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downturn
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a decline in economic activity
expectations
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the way people think about the future
zmiana na lepsze
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upturn
balance of payments
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bilans płatniczy
equilibrium
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a state of balance
fiscal policy
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govenment actions concerning taxation and public expenditure
monetary policy
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goverment or central bank actions concerning the rate of growth of the money in circulation
Keynesianism
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the economic theory that ggoverment monetary ad fiscal policy should stimulate business activity and increase employment in recession
casual work
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temporary employment that is not regular or fixed
contract work
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temporary employment by an organization to do a specific project or piece of work
delayering
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removing unproductive parts of the management hierarchy to make organizations more flexible
downsizing
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decreasing the number of permament employees working for a organization
flexible labour market
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a situation in which it is easy for companies to hire on-permament staff
job sharing
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employing two or more people on a part-time basis to perform a job normally available to one person working full-time
outsourcing
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using other business as subcontractors to supply components or services
rationalization or restructuring
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reorganizning a company, in a new way to reduce costs and improve efficiency and effectibeness
relocation
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moving some of a business activities
Rightsizing
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another way of downsizing, though it could also describe increasing the size of an organization, perhaps as an attempt to correct a previous downsizing
Tariff
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a tax charged on imports
Quota
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a maximum quantity of goods of a specific kind that can be imported into a country
comparative advantage
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produce particular goods more efficiently than some other countreis
absolute advantage
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produce goods at a lower cost than any other country
infant industry
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one that is in an early stage of development and which cannot survive competition from foreign companies
strategic industry
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one which is particulary important to a country's economy
dumping
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selling unwanted goods very cheaply usually in other countries
generic
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a cheaper copy of a product that is not marked with the producers name

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Angielski kolokwium 21.05 vol. 1

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