English OALD HSLU 3. Sem.
Englisch 3. Semester HSLU
Englisch 3. Semester HSLU
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Flashcards
the ability of a country, company or region to produce a good or service more cheaply than another
absolute advantage
a company's total earnings
accounting profit
a notice, picture or films that tries to persuade people to buy a product or service
advertisement
a person who starts using new technology before or after most other people
adopter
to tell the public about a product or service in order to sell it
advertise
the business of telling the public about a product or service in order to sell it
advertising
a business that provides a particular service for other businesses or organizations
agency
a person who acts for or manages the affairs of other people in business
agent
the sum or total of multiple items
aggregate
an increase in the value of an asset over time
appreciation
economic self-sufficiency or independence
autarky
economic policies and programs that are designed to offset fluctuations in a nation's economic activity
automatic stabilizers
a record of all transactions made between one particular country and all other countries during a specified period of time
balance of payments / current account
the difference between the money that a country receives from exports and that it spends on imports
balance of trade / merchandise trade balance
the amount of money equal to a percentage of the total deposits that banks must have available for customers to take out
bank reserves
a situation when many people take their money out of a bank because they are afraid the bank will lose it or go out of business
bank run
the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business
barrier to entry
the direct exchange of goods and services for other goods and services of equivalent value
barter
the way people act or react in a particular situation
behaviour
a debt investment in which an investor loans money to a company or a government for a defined period of time at a fixed interest rate
bond
a type of product made by a particular company with a particular name
brand
the practice of giving a company a particular design or symbol in order to become well-known
branding
an estimation of the revenue and expenses over a future period of time
budget
a period during which an economy moves from growth to recession and back to growth
business cycle
a large office where people are employed to provide information to customers or advertise products by phone
call centre
a series of planned activities that try to achieve a particular result
campaign
the movement of money for investment, trade or business production
capital flows
money and property that an individual or company owns
capital
an organization created from a formal agreement between a group of producers to regulate supply in order to regulate or manipulate prices
cartel
a complete list of items that people can look at, use or buy
catalogue
the organization responsible for overseeing the monetary system for a nation (or group of nations)
central bank
to agree or cooperate secretly for an illegal purpose
collude
an agreement between rivals that attempts to disrupt the market's equilibrium
collusion
a financial institution that provides normal services, such as accepting deposits, giving loans, mortgage lending, and basic investment products such as savings accounts
commercial bank
an advertisement on the radio or TV
commercial
a substance or a good that can be traded in large quantities
commodity
a currency which is issued based on the value of a physical commodity
commodity-backed currency
a resource, such as water or pasture
common resource
an advantage a country has over another country because a particular type of product can be produced more efficiently
comparative advantage
to try to be more successful than someone or something else in business
compete
