Wiem Flashcards
Inclusionary economic development
Rnsures that the benefits of economic growth are shared broadly, focusing on reducing inequality and providing opportunities for all, especially marginalised groups
Base business
Refers to the core or primary operations of a company, which generate the most consistent and reliable revenue.
Includes essential products or services that a business is known for, excluding new ventures or one time projects
Clusters
Refer to groups of similar or related things that are close together, often used in business and economics to describe concentrations of interconnected companies, industries, or activities in a particular geographic area
Workforce
Refers to the total number of people qho are employed or available for employment in a particular company, industry or region. It includes all workers from entry level employees to management
The press
Refers to the news media, including journalists, reporters, and publications such as newspapers, magazines, and online news outlets
Stagnated
Means stopped processing or growing
Lions share
to the largest or most significant portion of something
Blighted
Severely damaged, deteriorated or affected by decay or harm. In business refers to areas or assets in poor condition
The latter goal
Refers to the second of two goals mentioned previously, the second goal
Stark difference
A clear noticeable and often striking contrast between two things
Economic mobility
Refers to the ability of individuals or families to improve their economic status, typically measured by income, wealth, or social class over time
Dearth
Lack of something, or scarcity of something. A situation where there is not enough of a particular resource, item or quality, often leading to problems or difficulty
Occupational forecast
A projection or prediction about future trends in the job market, including the demand for specific occupations, employment growth rates and the skills needed in various industries
Long haul tracking
The transportation of goods over a long distance by truck
Economic cohort
Refers to a group of people who share similar economic characteristics such as income level, employment status or spending habits, often within a specific period or age range
Primsry wage earner
The person in a household who earns the most income, typically responsible for providing the main financial support for the family or dependents
Secondary earner
Someone in a household who earns a smaller portion of the total income compared to the primary wage earner
Seldom
Rarely or infrequently
Intergenerational
Refers to strategies or practices that adress or involve different age groups within a company
- intergenerational work force
- intergenerational succession planning
- intergenerational marketing
Gross domestic product (GDP)
Measures the total value of all goods and services produced within a country’s borders during a specific period, typically a year or a quarter. It reflects the economic performance and health of a nation by indicating the size and growth rate of its economy
Promise scholarship programs
Initiatives that provide financial support for education, aiming to attract and retain talent by covering tuition costs for employees or their families
Marginal
Something that is minimal or insignificant importance, impact or effect such as a small increase in profit or minor change in a process
Backer
Someone who supports or funds a project, venture or company, often by providing financial resources such as investors, sponsors or individuals who believe in the potential
Vie
To compete eagerly or to strive for something
