Economy Flashcards
accommodation
Lodging; a place to live.
(to) allocate resources
(financiële) middelen toewijzen, To assign or allot financial means for a particular purpose.
austerity measures
bezuinigingsmaatregelen, Measures that are imposed on a country by its government with the purpose of reducing the national deficit by way of cutting down on consumer spending.
boom
A period of high economic growth characterized by rising wages, profits, and prices, full employment, and high levels of investment, trade, and other economic activity.
budget
Een gespecificeerd overzicht van de verwachte inkomsten en uitgaven van een land, bedrijf, etc. over een bepaalde periode, meestal een boekjaar.
budget deficit
Een overschot aan schulden boven activa;
- Een overschot aan uitgaven boven inkomsten gedurende een bepaalde periode;
- Een overschot aan betalingen boven ontvangsten op de betalingsbalans.
budget surplus
Een overschot van de totale activa boven de totale passiva;
- Een overschot van de feitelijke netto activa boven de nominale waarde van het kapitaal;
- Een overschot van de inkomsten boven de uitgaven gedurende een bepaalde periode.
citizen
inwoner
commodity/raw materials
grondstoffen, A reasonably interchangeable good or material, bought and sold freely as an article of commerce. Commodities include agricultural products, fuels and metals.
competition
concurrentie, Rivalry in which every seller tries to get what other sellers are seeking at the same time: sales, profit, and market share by offering the best practicable combination of price, quality, and service.
competitor
concurrent, In business, a company in the same industry or a similar industry which offers a similar product or service.
consumption
The amount of a product that is used in a particular period.
core business
kernactiviteit, The business that makes the most money for a company and that is considered to be its most important and central one
cutting edge (technology)
zeer geavanceerde technologie, At the forefront of people or things in a field of activity; leading.
depression/slump
Lowest point in an economic cycle characterized by reduced purchasing power, mass unemployment, excess of supply over demand, falling prices, or prices rising slower than usual, falling wages, or wages rising slower than usual, and general lack of confidence in the future. Also called a slump, a depression causes a drop in all economic activity. Major depressions may continue for several years.
developing country
ontwikkelingsland, A country that is changing its economy from one based mainly on farming to one based on industry
development zone
ontwikkelingszone, An area, usually on the outskirts of a large city, to which the government encourages new industries to come.
disposable income
besteedbaar inkomen, Income left after taxes, etc. that you are free to spend or save as you want.
distribution channel
distributiekanaal, The way that products are made available to customers.
domestic
Of, produced in, or involving one’s own country or a specific country.
(to) downsize
Opzettelijke vermindering van de omvang van het personeelsbestand op alle personeelsniveaus, om een recessie te overleven, de efficiëntie te verbeteren of een aantrekkelijker kandidaat te worden voor overname of fusie, Intentional reduction in the size of a workforce at all staffing levels, to survive a downturn, improve efficiencies, or become a more attractive candidate for acquisition or merger
economic
economisch, Regarding the economy.
economical
zuinig, kostenbesparend, Using money, resources, etc., carefully.
economic outlook
economische vooruitzichten, Future economic probabilities.
economic/business cycle
conjunctuurcyclus, Recurring, fairly predictable, general pattern of periodic fluctuations (as measured by gross national product) in national economies.
economics
The theories, principles, and models that deal with how the market process works.
economy
economie, An entire network of producers, distributors, and consumers of goods and services in a local, regional, or national community.
emerging market
opkomende markt, A new market that is developing quickly.
fair trade
een beweging die strijd voor een eerlijke prijs en behandeling voor de boeren in het buitenland,
globalization
The process by which businesses and organisations grow an start to operate in countries all over the world.
Gross Domestic Product (GDP)
totale economische productie binnen de landsgrenzen, ongeacht wie de eigenaar is van de productiemiddelen (binnenlandse of buitenlandse bedrijven)., The total value of all the goods and services produced by a country in one year. bbp
Gross National Product (GNP)
totale economische productie door inwoners en bedrijven van een land, ongeacht waar deze productie plaatsvindt (binnen of buiten de landsgrenzen).GDP of a country to which income from abroad remittances of nationals living outside and income from foreign subsidiaries of local firms has been added.
income
inkomen, The amount of monetary or other returns, either earned or unearned, gathered over a given period of time.
interest rate
The cost or price of borrowing money expressed as a percentage per period of time.
life expectancy
levensverwachting, The average number of years that a person or animal can expect to live.
manufacturing industry
productie- industrie, The industry that changes raw materials into finished products.
market share
marktaandeel, The amount of sales of a particular type of product that a company has, compared with the total sales.
profitability
winstgevendheid, The state or condition of yielding a financial profit or gain.
purchasing power
koopkracht, hvl een huishouden gem kan kopen, Money and credit available for spending and consumption of goods and services. Demand and prices cannot rise beyond the available purchasing power.
real estate
vastgoed
recession
Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression.
resources
Sources of economic wealth, esp of a country (mineral, land, labour, etc) or business enterprise (capital, equipment, personnel, etc).
retail
detailhandel, The sale of goods individually or in small quantities to consumers.
saturated market
verzadigde markt, A market in which demand for a product has been met, so no more can be sold.
services sector
dienstensector
shortage
tekort, A deficiency or lack in the amount needed, expected, or due; deficit.
slump
Cfr. depression.
standard of living
levensstantdaard, A level of subsistence or material welfare of a community, class, or person.
supply and demand
vraag en aanbod, The relationship between the availability of goods and services and how much of them people want. Used esp to relate to the impact of this relationship on price levels.
sustainable growth
duurzame groei, Growth rate that can be achieved without significant or permanent damage to the environment and the economy’s natural productive capacity.
sweatshop
A factory/workroom where workers are employed for long hours and low pay, often in bad conditions.
tax haven
Generic term for a geographical area outside the jurisdiction of one’s home country which imposes only a few restrictions on legitimate business-activities within its jurisdiction, and little or no income tax.
trade
handel, The act or an instance of buying and selling goods and services either on the domestic (wholesale and retail) markets or on the international (import, export, and entrepôt) markets.
treaty
verdrag, A formal agreement or contract between two or more states, such as an alliance or trade arrangement.
turnover
omzet, The amount of business, usually expressed in terms of gross revenue, transacted during a specified period.
VAT (Value Added Tax)
btw
wealth tax
A tax on money, property or investments owned by a person.
welfare state
A system in which the government undertakes the chief responsibility for providing for the social and economic security of its population, usually through unemployment insurance, old-age pensions, and other social-security measures.
wholesale
groothandel, The business of selling goods to retailers in larger quantities than they are sold to final consumers but in smaller quantities than they are purchased from manufacturers.
