Economic Flashcards
commercialisation of childhood is being led by greedy corporations
- companies/firms exploited children
- by commodifying childhood
profit
income-earnings
impeccable
(adj.) perfect without any mistakes
Eg: In fulfilling its responsibilities, the WFP has to ensure impeccable standards and optimal use of funds
outlay
(n.) an amt of money spent on something
opulence
(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.
obliterate
(v.) destroy completely, wipe out
Eg: All the governments thus strive to achieve higher economic growth and to obliterate poverty
pecuniary
(adj.) financial, consisting of money
Eg: Financial industry would be immediately impacted and could have pecuniary problems
delineate
(v.) outline, define
Eg: The Women’s Wing of the PAP’s role as delineated in its visions
derail
(v. ) to spoil or interrupt a plan, agreement
eg: The good effects of antibiotics have been derailed by improper use of antibiotics.
embargo
(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
stockpile
(v. ) accumulate in a large stock of
eg: It has stockpiled chemical weapons in SK
disburse
(v. ) to pay out money, spend, expend
eg: MediShield Life has disbursed $136 million to cover 95000 claims.
emolument
(n. ) payment, remuneration
eg: Facebook receives emoluments from political advertising and strives to be politically balanced.
tariffs
(n. ) tax, duty paid on a particular class of imports
eg: The reduction of trade barriers and import tariffs.
dissolution
(n. ) the action of formally ending or dismissing a partnership
eg: The dissolution of their tie/ marriage.
incremental
(adj. ) relating to or denoting an increase or addition on a fixed scale
eg: Incremental changes to the current system.
concomitant
(adj.) associated
Eg: concomitant benefits and risks
inter-linked
interdependent
exploit
(v.) capitalise
Eg: the film business capitalises on our fascination with time
toil
(v.) work extremely hard, incessantly
Eg: urging us to toil to make every second count
increasingly popular
More in demand
increase in the homogenising effects of globalisation
increase in the homogenising effects of globalisation
gouge
(v. ) overcharge
eg: the company is gouging the HIV drugs.
frugality
(n. ) the quality of being economical with money or food; thriftiness
eg: he scorned the complexity in life and enjoy the frugality.
