Thẻ ghi nhớ: English for Economists | Quizlet

Economic affairs

Activities, policies, regulations, and administrative matters related to the management of a country's or an organization's economy, government finances, and commercial interests

Gig economy

A labor market characterized by the prevalence of short-term contracts, freelance work, or flexible, independent jobs, as opposed to permanent, full-time employment.

Job displacement

The elimination of jobs, usually on a large scale, due to structural changes in the economy, technological advancements (such as automation or AI), or outsourcing, forcing workers to find employment elsewhere

Platform economy

Economic and social activities facilitated by digital platforms, which act as matchmakers or intermediaries connecting suppliers (sellers, service providers) directly with consumers

Elasticity

A measure of the responsiveness or sensitivity of one economic variable (such as quantity demanded or supplied) to a change in another variable (such as price or income) / Độ co giãn

Interdependent

A situation where economic agents (such as countries, firms, or industries) mutually rely on one another, meaning that the decisions or actions of one party directly affect the outcomes and decisions of the others / Phụ thuộc lẫn nhau

Liable

Legally responsible or obligated to pay for damages, debts, or fulfill a specific duty under civil law or financial contracts / Có nghĩa vụ thanh toán.

Regulatory

Relating to the control, monitoring, and enforcement of rules, laws, and standards established by government authorities to govern economic activities and market behavior.

Market force

The economic factors—primarily supply (the amount available) and demand (the desire to buy)—that operate independently of government control to determine the price and quantity of goods and services in a free market / Lực lượng thị trường

Consolidate

To combine multiple financial accounts, business units, assets, or liabilities into a single, unified whole; or to strengthen a market position after a period of volatility / Hợp nhất

Extension

An additional period of time granted to perform an obligation, pay a debt, or lengthen the duration of a contract beyond its original expiration date

Equilibrium

A state of balance in an economy or market where economic forces are balanced, and in the absence of external influences, the values of economic variables will not change

Disruption

A process whereby a new innovation, technology, or business model completely transforms an existing market or industry, displacing established market leaders and reshaping how business is conducted / Sự đảo lộn thị trường

E-commerce

The buying and selling of goods, services, or information over the internet, encompassing various business models such as Business-to-Consumer (B2C) or Business-to-Business (B2B).

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