Boosting the Living Standards of the Self-employed Flashcards
Year-on-year
adjective
Comparing something to the same time one year before
We have seen great improvements year-on-year.
Sales have decreased slightly year-on-year.
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A cyclical blip
adjective - noun
An event that occurs in a cycle
The recession is not just a cyclical blip.
They are trying to guard themselves against cyclical blips.
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Long term trends
adjective - noun
A trend that lasts for a long time
We have seen some worrying long term trends.
Some of these long term trends are disappearing.
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… is here to stay
phrase
Something will not go away anytime soon
It seems the Metaverse is here to stay.
Unfortunately rising prices are here to stay.
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Overhaul
verb / noun
To examine something in order to change it
There has been an overhaul in the banking industry.
They are trying to overhaul the system.
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Volatility
noun
Something that changes unpredictably, usually for the worse
There has been some volatility in recent sales.
Volatility in the economy is unavoidable.
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Unforeseen events
adjective - noun
Something that happens suddenly and unexpectedly
Some unforeseen events has led to cancelling the show.
Due to unforeseen events we cannot continue.
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Deregulation
noun
The removal of regulations and restrictions in a certain industry
The HR industry in Japan needs some deregulation.
There was some deregulation of the finance industry after the crash.
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Entity
noun
A group with an independent existence
Several entities were responsible for the downturn.
A governmental entity was responsible.
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Pool
verb
To put something together for shared use
We should pool our resources.
They were able to pool their money and pay their rent.
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Conventional
adjective
Based on how things are normally done or believed
The conventional way would be too slow.
Their methods are very conventional.
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Perils and pitfalls
nouns
Negative points / difficulties
There are some perils and pitfalls when working part-time.
The perils and pitfalls of his plan is becoming clear.
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