This is a summary for the course English: Tax and Accounting in the third year of Accountancy & Taxation at Artevelde University. It incorporates the vocabulary of the first 5 chapters of the 'Deal' handbook. If you would like to have the Word file instead of the PDF version, feel free to send me a...
Economics Economie
The study of the way in which money, trade and industry are
organized in society.
Macroeconomics Macro-economie
The study of economic and financial systems.
Microeconomics Micro-economie
The study of the economic problems of businesses and individuals.
Applied economics Toegepaste economie
An economist Een econoom
Monetarism Monetarisme
The idea that an economy can be controlled by a central bank
influencing the money supply.
Supply-side economics Economie aan de aanbodzijde
A view on economics based on the idea that the economy will
thrive when there is capital invested and barriers to products and
services are lowered, resulting in an increase in supply, and
consequently lower prices, and more jobs.
Demand-side economics Economie aan de vraagzijde
Sometimes called Keynesian economics. It is based on the belief
that consumer demand is the main force affecting overall
economic activity and responsible for short-term fluctuations.
The market De markt
The black market De zwarte markt
Markets
The free market De vrije markt
An economic market operating by free competition.
The single European market De interne Europese markt
A customs union which comprises a free trade area with a
common external tariff on goods and services coming into the
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, European Union.
The domestic v. overseas market De binnenlandse markt versus de overzeese markt
A market economy Een markteconomie
Een marktgerichte economie
An economy in which most goods and services are produced and
distributed through free markets.
A central economy Een centrale economie
A planned economy Een geplande economie
A command economy Een geleide economie
An economy in which business activities and the allocation of
resources are determined by government order rather than market
forces.
The market price De marktprijs
A market share Een marktaandeel
The percentage of the market for a product or service that a
company supplies.
Market-driven Marktgedreven
Determined by or responsive to market forces. The current state of
America’s energy policy is far from market-driven as subsidies play
an important role.
To enter a market Een markt betreden
To penetrate a market Een markt penetreren
To corner a market Een markt veroveren
Een monopolie verwerven
If a company corners the market for a particular type of product, it
is more successful than any other company at selling the product.
The market forces De marktkrachten
The effect of supply and demand on trading within a free market.
Supply and demand Vraag en aanbod
There is a strong demand for skilled workers nowadays.
An equilibrium Een evenwicht
The country’s economic equilibrium was at stake because of the
excessive import of raw materials.
A supplier Een leverancier
A scarcity Een schaarste
A shortage Een tekort
Een gebrek
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, Trains are not running because of staff shortages.
Scarce Schaarste
High-paying jobs for starters are scarce these days.
A glut Overvloed
Verzadiging
Overschot
A glut of something
A supply of something that is much greater than can be sold or is
needed.
The fall in demand for coffee could cause a glut on/in the market.
Surplus Overschot
The amount of money that you have left when you sell more than
you buy, or spend less than you receive.
Deficit Tekort
The total amount by which money spent by a business or
government is more than the money it receives.
Market failure Marktfalen
Information asymmetry Informatieasymmetrie
When a market does not work efficiently, because buyers and
sellers do not have all the necessary information.
Resources Middelen
Gas is an environmentally clean natural resource.
To allocate resources Middelen toewijzen
Middelen toebedelen
Marketing managers have the responsibility to optimally allocate
resources and demonstrate that these investments generate
appropriate returns for the firm.
Work and employment
A labour dispute Een arbeidsconflict
A disagreement on working conditions, pay and/or fringe benefits
between an employer and the employees.
The trade unions went on strike to put extra pressure on the
labour dispute.
A trade union Een vakbond
A labour agreement Een arbeidsovereenkomst
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, The labour force De beroepsbevolking
The number of persons usually employed or eligible to be
employed.
The job market De arbeidsmarkt
The labour market De arbeidsmarkt
Division of labour Arbeidsverdeling
Labour-intensive Arbeidsintensief
Permanent contract Vast contract
A binding contract between an employee and employer in which
both parties agree to do business with each other for an indefinite
amount of time.
Fixed term contract Contract bepaalde tijd
A contract that lasts for a certain length of time and ends when a
specific task is completed, as opposed to permanent contracts.
Probationary period Proeftijd
The period during which a new employee is being watched closely
to see if they are suitable for their job.
Tenure Ambtsperiode
Dienstverband
The right to remain permanently in a job.
She is one of the few people in the English Department who has
tenure.
The dole (BrE) De bijstand (BrE)
The money that the government gives to people who are
unemployed.
To be on the dole Aan de bijstand zijn
To go on the dole Aan de bijstand gaan
To be unemployed and financially supported by the government.
An appraisal Een beoordeling(sgesprek)
A meeting in which an employee discusses his or her progress,
aims, and needs at work with his or her manager or employer.
Suitable Geschikt
Acceptable or right for someone or something.
Suitability Geschiktheid
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