18011163
| Question | Answer |
| balance of payments deficit | schodek platební balance the difference in the amount of money going out of a country and that which is coming in, when the total incoming is less than the total outgoing |
| balance of payments surplus | přebytek platební balance the difference in the amount of money going out of a country and that which is coming in, when the total incoming is more than the total outgoing |
| cargo | náklad the good that are being carried in a ship, plane or another large vehicle |
| comparative advantage | komparitivní výhoda the ability to produce something more efficiently, at lower opportunity cost than somebody else |
| dumping | dumping the act of charging a lower price for the goods in a foreign market that one charges for the same product in a domestic market |
| economic sanctions | hospodářské sankce penalties imposed by one country on another country for political and socials issues |
| economic stability | hospodářská stabilita economic system of a nation that displays only minor fluctuations in the economy |
| economies of scale | úspory z rozsahu the reduction of production costs that is a result of making and selling goods in large quantities |
| embargo | embargo an official order to stop trade with another country |
| export | vývoz a product sold to another country |
| free trade | volný obchod a policy by which governments do not restrict imports to or exports from their countries |
| glibalization | globalizace the process of international integration due to the interchange of products, ideas and cultures |
| import | dovoz a product that is brought from one country to another to be sold there |
| international trade | mezinárodní obchod the exchange of goods and services between countries |
| invisible trade | vývoz a dovoz služeb export and import of physically intangible items such as services (banking, education |
| labour laws | pracovní právo laws regarding the relationship between employers and employees and trade unions |
| multinational/transnational corporation | nadnárodní korporace an organization that owns production of goods and service in more countries other than their home country |
| perishable goods | rychle se kazící zboží goods that are likely to decay quickly |
| poverty gap | míra chudoby the difference between the total population and those living in poverty |
| protectionism | protekcionismus government actions and policies that restrict international trade |
| quota | kvóta the number of goods and services that can be imported or exported during a particular time period |
| red table | byrokracie, úřední šiml an idiom referring to official rules that prevent things from being done quickly and easily |
| self-sufficient | soběstačný not requiring any help, support for survival; self-sufficient economy does not trade with the outside world |
| specialization | specializace a method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater efficiency |
| standard of living | životní úroveň the amount of money and comfort people have in a particular society |
| subsidy | dotace money that is paid by government or organization to make prices lower, reduce the cost of producing goods… |
| tariff | clo a tax imposed on imported goods and services, used to restrict trade |
| trade alliance | mezinárodní alliance treaty between two or more countries where trade barriers are reduced or eliminated among them |
| visible trade | vývoz a dovoz zboží export and import of goods that can be touched or weighed |
| the Wrold Trade Org. | an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers |
| stakeholdert | a person with an interest or concern in something, especially in business |
| shareholder/stockholder | akcionář a person who owns shares in a company |
| sustainability | having the ability to be continued with minimal long-term effect on the environment |
| environment, the environment | the circumstances, objects or conditions by which one is surrounded, the natural world, as a whole or in a particular geographical area |
| charity | an organization set up to provide help and raise money for those in need |
| overheads | režijní náklady business expenses, such as rent, that are not directly attributable to any department or unit of product |
| tangible asset | hmotný majetek an asset such as building, land or piece of equipment that has physical properties |
| poverty cycle | chudoba the set of factors or events by which poverty, once started, is likely to continue unless there is outside intervention |
| bottom line | konečný hospodářský výsledek informal term for net income, the last line of a financial statement that shows the net profit or loss of a company or organization |
| fair trade | fair trade trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers |
Want to create your own Flashcards for free with GoConqr? Learn more.