Key Words - The Globalization Debate
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Vocabulary
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Meaning
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Examples
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24/7/365
(expression) |
24 hours a day, 7 days a week, 365 days a year - never stopping
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Our customer service team is available 27/7/365.
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blip
(noun) |
an unexpected, minor, and typically temporary problem
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The long term forecast for the market is strong , so this drop in profits is just a blip.
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commodity
(noun) |
a raw material or agricultural product that can be bought and sold, such as copper, coffee, gold, oil, etc
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The commodities market has been quiet this week.
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conglomerate
(noun) |
a large corporation formed by the merging of separate and diverse companies
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He is the CEO of one of the largest conglomerates in the world.
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consumer
(noun) |
a person who purchases goods and services for personal use / a person that eats or uses something
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Consumer groups are important to protect people from greedy businesses.
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critic
(noun) |
a person who expresses an unfavorable opinion of something / a person who judges the merits of artistic works, especially one who does so professionally
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There were many critics of the governments immigration policy.
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embrace
(verb) |
hold someone closely in one's arms, especially as a sign of affection / accept or support a belief, theory or change willingly and enthusiastically
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Our staff are always happy to embrace new ideas, just so long as they work!
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endorse
(verb) |
declare approval or support of something
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I couldn't endorse the new line of products because I didn't like them.
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impose
(verb) |
force something unwelcome or unfamiliar to be accepted or put in place
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The management have imposed new working conditions for all temporary staff.
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inevitable
(adj) |
certain to happen / unavoidable
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It was inevitable that the markets would crash.
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investment
(noun) |
the action or process of investing money for profit / devoting time, effort, or energy to a particular task with the expectation of a worthwhile result
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Peter's investment in tech industries was a very smart thing to do.
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labor
(noun) |
work, especially hard physical work
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The cost of labor in China is much cheaper than in Europe.
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life expectancy
(noun) |
the average period that people may expect to live (highly influenced by child mortality rates)
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In most countries, women have a higher life expectancy than men.
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merge
(verb) |
combine to form a single entity
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Many of the big media businesses have already merged together.
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nationalism
(noun) |
advocacy of political independence for a particular country /patriotic feeling, principles, or efforts
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Support of nationalism is growing in many parts of Europe.
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proponent
(noun) |
a person who supports a theory, proposal, or project
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Sarah is a strong proponent of equal rights for all.
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prosperity
(noun) |
the state of being prosperous (making money or wealth)
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The 1980s were a time of great prosperity in America.
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raw material
(noun) |
the basic material from which a product is made
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Australia exports a lot of different raw materials to China.
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