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Set of flashcards Details

Flashcards 250
Language English
Category English
Level University
Created / Updated 23.09.2016 / 17.01.2019
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inflation n

the rate at which the level of rices for commodities is rising, and purchasing power is falling. n

infomercial n

a long commercial that contains a lot of information and feels like a normal TV programme. n

innovation n

(the use of) a new idea, method or invention. n

input n

anything that is used in a production porcess. n

interest rate n

the amount charged by a lender to a borrower for the use of assets. n

inventory investment n

changes in the stocks of finished goods an goods process. n

investment bank n

a financiel organization that performs a variety of services including underwriting, acts as intermediary between an issuer of securities an the investing public, facilitates mergers and also acts as a broker for institutionale clients. n

investment spending n

money spent on capital goods, or goods used in the production of capital, and commodities. n

jingle n

 a short simple tune used in commercials

labour force n

(also work force n)

the total number of people employed or seeking employment in a country or region n

labour productivity n

the measurement of the amount of good and services produced by hour of labor n

launch n,v

(an event) to celebrate or introduce a new product n,v

lender of last resort n

a countries centrel bank that offers loans to bank or other eligible institutions that are experiencing financial difficulty or near collaps n

leverage n,v

(to use) borrowed money to buy a investment or company stock. n,v

licence

(AE license) n,v

to give somebody formal permission to make, sell or use a product n,v

liquid adj.

easliy convertible to cash. adj.

liquidity trap n

a situation in which prevailing interest rates are low and saving rates are higt, making monetary policy ineffective. n, v

loan n,v

a sum of money given to a borrower and typically repeid with interest. n,v

logo n

an official design or symbol used by a company to advertise its products n

loss aversion n

Verlust Abneigung

 

the tendency for an individual to prefer avoiding losses rather than accruing gains

loss leader n

Lockangebot

an article that is sold at a loss to attract customers. n

lump-sum tax n

a fixed amount of taxes assessed equally on all taxpayers regardless or their income levels. n

mailshot

(also mass mailing) n

the posting of advertisement or informations that a company sends to many people at one time. n

marginal benefits n

the additional satisfaction that a person receives from consuming an additional unti of a good or service. n

marginal cost n

the increase in cost that accompanies a unit increase in output. n

marginal propensity to consume (MPC) n

the proportion of a change in income that is spent o the consumption of goods and services, rather than being saved. n

market failure n

the situation where the quantity of a product demanded by consumers in not equal to the quantitiy supplied. n

market n,v

(to makle goods available to)

people who might want to buy something, or a certain part of the world. n

market power n

the ability of a company to manipulate price by influcencing an item's supply, demand or both. n

market-clearing price n

a price that causes quantities supplied and demanded to be equal. n

marketing n

 all the commercial activities involved in promoting, distributing ans selling a product. n

maturity transformation n

The process in which a bank receives a deposit for on maturity period and lends the same amount for a different maturity period. n

medium of exchange n

an istrument used to facilitate the sale, purchase or trade of goods between parties. n

merchandise n, v

(to advertise) goods that people buy und sell. n,v

merchandising n

products relating to a popular film, sport team, event, etc. n

minimum wage n

the minimum amount of compensation an employee must receive from performing labor. n

monetarism n

a set of views that are based on the belief that inflation depends on how much money the government prints.n

monetary policy n

the actions of a central bank, currency board or other regulatory committee that determine the size and rate of the money supply, which in turn affects interest rates. n

money supply n

the entire stock currency an other liquid instruments in a country's economy at al particular time. n

monopolistic competitions n

a type of competition within a industry where:

1. All firms produce similar yet not perfectly substituable products;

2. All firms are able to enter the industry if the profits ar attracive;

3. All firms maximize their profit

4. and all firms have some market power, which means none are price takers