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Government

POLICY pɒləsi

Noun

  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.
 

LOOPHOLE lupˌhoʊ

Noun

  • a mistake in the law that allows people to do something that they should not.
Example Sentence: Their lawyers found a loophole in the law and they were acquited.
 

INCOME BRACKET ɪnkʌm brækɪt

Noun

  • a category of taxpayers based on their level of income.
Example Sentence: The tax will mainly effect people in the higher income bracket.
 

FREE MARKET fri mɑrkɪt

Noun

  • a market that is not influenced by the government.
Example Sentence: He supports a free market for goods in Europe.
 

DOMESTIC dəˈmɛstɪk

Adjective

  • relating to a country's internal economy or businesses.
Example Sentence: They are attempting to protect the domestic industries.
 

BOOM bum

Verb

  • a period of economic improvement and increased consumption.
Example Sentence: There was a boom in the 1980s in the UK.
 

ALLIANCE əˈlaɪəns

Noun

  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.
 

RECESSION rɪˈsɛʃən

Noun

  • a period of economic decline and reduced consumption.
Example Sentence: After the boom of the 1980's the UK economy went into recession.
 
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