Workplace Types and Trends Flashcards
Workplace
Where work is done.
economy
How a group produces, distributes and consumes its good and services.
unemployed
To be without a job when able and willing to work.
job security
Not being afraid of losing your job.
interest rate
The cost of borrowing money, usually expressed as a percentage.
business cycle
Economic activity characterized by fluctuating levels of growth and decline.
global economy
The way in which the economies in the world are connected to each other.
job market
The demand for particular jobs.
outsourcing
When businesses hire other companies to produce their services or goods.
telecommute
Work from home or an office center using a computer, and other technology to perform jobs.
team
Two or more people working together to accomplish a common goal.
Lifelong learning
Continuing to learn more about new technologies, new practices, and new ideas throughout your life.
