Economic Flashcards

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1
Q

commercialisation of childhood is being led by greedy corporations

A
  • companies/firms exploited children

- by commodifying childhood

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2
Q

profit

A

income-earnings

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3
Q

impeccable

A

(adj.) perfect without any mistakes

Eg: In fulfilling its responsibilities, the WFP has to ensure impeccable standards and optimal use of funds

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4
Q

outlay

A

(n.) an amt of money spent on something

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5
Q

opulence

A

(n.) great wealth, lavishness, luxury

Eg: People who have great wealth love a life of opulence while the poor do not have enough to eat.

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6
Q

obliterate

A

(v.) destroy completely, wipe out

Eg: All the governments thus strive to achieve higher economic growth and to obliterate poverty

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7
Q

pecuniary

A

(adj.) financial, consisting of money

Eg: Financial industry would be immediately impacted and could have pecuniary problems

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8
Q

delineate

A

(v.) outline, define

Eg: The Women’s Wing of the PAP’s role as delineated in its visions

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9
Q

derail

A

(v. ) to spoil or interrupt a plan, agreement

eg: The good effects of antibiotics have been derailed by improper use of antibiotics.

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10
Q

embargo

A

(n. ) official ban on reade or other commercial community with a particular country
(v. ) impose an official ban on trade
eg: There would be no reade embargos on NK

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11
Q

stockpile

A

(v. ) accumulate in a large stock of

eg: It has stockpiled chemical weapons in SK

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12
Q

disburse

A

(v. ) to pay out money, spend, expend

eg: MediShield Life has disbursed $136 million to cover 95000 claims.

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13
Q

emolument

A

(n. ) payment, remuneration

eg: Facebook receives emoluments from political advertising and strives to be politically balanced.

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14
Q

tariffs

A

(n. ) tax, duty paid on a particular class of imports

eg: The reduction of trade barriers and import tariffs.

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15
Q

dissolution

A

(n. ) the action of formally ending or dismissing a partnership
eg: The dissolution of their tie/ marriage.

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16
Q

incremental

A

(adj. ) relating to or denoting an increase or addition on a fixed scale
eg: Incremental changes to the current system.

17
Q

concomitant

A

(adj.) associated

Eg: concomitant benefits and risks

18
Q

inter-linked

A

interdependent

19
Q

exploit

A

(v.) capitalise

Eg: the film business capitalises on our fascination with time

20
Q

toil

A

(v.) work extremely hard, incessantly

Eg: urging us to toil to make every second count

21
Q

increasingly popular

A

More in demand

22
Q

increase in the homogenising effects of globalisation

A

increase in the homogenising effects of globalisation

23
Q

gouge

A

(v. ) overcharge

eg: the company is gouging the HIV drugs.

24
Q

frugality

A

(n. ) the quality of being economical with money or food; thriftiness
eg: he scorned the complexity in life and enjoy the frugality.