IELTS Vocabulary Flashcard

Definition: distribution according to a plan; a share set aside for a specific purpose

Example sentences:

• Given the situation, if your asset allocation is 60 percent stocks and 40 percent bonds, you might lose 30 percent of your portfolio value.
• While economics is the study of the allocation of scarce resources, the online world is distinguished by abundance.

Definition: An incidental or secondary product made in the manufacture or synthesis of something else

Example sentences:

• Sugar cane fiber, a by-product of sugar manufacturing, can be made into paper.

Definition: An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

Example sentences:

• Under capitalism all profit is ultimately the result of the exploitation of the workers

Definition:

Example sentences:

• It diverts the attention from real social issues only to, in turn, accommodate vile capitalistic policies.

Definition: to express approval

Example sentences:

• He supports gay marriage and has endorsed the idea of eventually granting legal citizenship to many of the undocumented immigrants in the country.
• Shareholders might look into executive reputations before investing, and well-known customers sometimes do that before buying from or endorsing the company.

Definition: sell or transfer abroad; commodities (goods or services) sold to a foreign country

Example sentences:

• It also said Japan as a whole was experiencing a decrease in consumer spending due to a decline in real incomes and exports.
• The country's economy has suffered because of falling prices for its commodity exports.

Definition: An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company’s products:

Example sentences:

• We are at an advanced stage of negotiations with a large number of individuals about possible franchises.

Definition: the practice of selling the right to use a firm's successful business model.

Example sentences:

• One advantage of franchising is a franchisee can instantly get a nationally recognized name with management training, so it is easier to find buyers

Definition: The process by which businesses or other organizations develop international influence or start operating on an international scale

Example sentences:

• Globalization is an inevitable phenomenon in human history that's been bringing the world closer through the exchange of goods and products.

Definition: Develop or be developed so as to make possible international influence or operation:

Example sentences:

• The moment the debate was publicized on the Internet, it was globalized.

Definition: A point from which goods are sold or distributed

Example sentences:

• This is where the young hang out, in coffee shops, fast-food outlets, shopping malls and on the street itself.

Definition: Transfer (a business, industry, or service) from public to private ownership and control

Example sentences:

• As elsewhere in the Pacific, Australia is pushing for economic restructuring measures that include drastic cutbacks to government spending and privatisations.
• Another primary concern of the ANC government is the privatization of state assets

Definition: Transfer (a business, industry, or service) from public to private ownership and control

Example sentences:

• The postal officials reportedly supported Koso as an opponent of government plans to privatize postal services

Definition: (Of a business or activity) yielding profit or financial gain.

Example sentences:

• That profitability may attract the attention of other potential buyers.

Definition: A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. This form of cooperation lies between Mergers & Acquisition M&A and organic growth.

Example sentences:

• Partners may provide the strategic alliance with resources such as products, distribution channels, manufacturing capability, project funding, capital equipment, knowledge, expertise, or intellectual property. The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts.

Definition: Make (an organization or system) more efficient and effective by employing faster or simpler working methods:

Example sentences:

• We want to introduce new efficiencies and streamline the service as much as possible,’ Mr McCarthy said.
• Internet stores have streamlined the process of finding, buying, and selling merchandise.