On the topic of the day about bears and eagles. Political and Economic English
Business vocabulary is used not only in the business sphere; many of the words presented below are used in ordinary everyday speech, for example: store - store, price - price, product - goods, products, etc.
Notes have been added to some words - you can find them at the end of the page.
price | price | |
tax | tax | |
cost | price | |
product | [ˈprɒdʌkt] | product (goods) |
organization | [ˌɔːgənaɪˈzeɪʃən] | organization |
economy | economy | |
bank | bank | |
agency | [ˈeɪʤənsi] | agency |
store | store (warehouse) | |
fund | fund | |
stock | promotion | |
loss | damage | |
trade | trade | |
deal | deal | |
bill | bill (eg in a restaurant) | |
benefit | [ˈbɛnɪfɪt] | benefit |
firm | firm | |
management | [ˈmænɪʤmənt] | management (management) |
charge | [ʧɑːʤ] | fee (price) |
property | [ˈprɒpəti] | own |
base | base, basis | |
owner | [ˈəʊnə] | owner |
investment | [ɪnˈvɛstmənt] | investments |
consumer | consumer | |
budget | [ˈbʌʤɪt] | budget |
agreement | [əˈgriːmənt] | agreement |
capital | [ˈkæpɪtl] | capital |
account | [əˈkaʊnt] | bank account) |
credit | [ˈkrɛdɪt] | credit |
income | [ˈɪnkʌm] | income |
insurance | [ɪnˈʃʊərəns] | insurance |
sales | sales |
Examples:
The examples do not show all possible meanings of words, but only one or two main ones related to a given part of speech and topic. If you want to know more meanings and examples, use online dictionaries and translators.
- price– price
price tag – price tag
The price is high (low). – The price is high (low).
- tax- tax
All citizens pay taxes. – All citizens pay taxes.
- cost- price
at all costs - at any cost
What is the cost of this? – What is the cost of this?
- product– product (goods)
We produce the best product in the country. – We produce the best goods in the country.
- organization– organization
I am the founder of the organization. – I am the founder of the organization.
- economy- economy
The economy is in crisis. – The economy is in crisis.
- bank– bank
bank account – bank account
The gang has robbed the bank. — The gang robbed a bank.
- agency– agency
detective agency - detective agency
- store– store (warehouse)
He went to a furniture store. — He went to the furniture store.
- fund– fund
The company has a fund for emergencies. – The company has an emergency fund.
- stock– share, stock of something
Our food stock is low. - Our food supply is running out.
She buys and sells stocks (shares). – She buys and sells shares.
- loss– damage
One wrong decision caused huge losses. – Their wrong decision caused huge losses.
- trade– trade
Trade is always better than war. – Trade is always better than war.
- deal– deal
to make a deal - make a deal
- bill– bill (e.g. in a restaurant)
Bill, please! - The check, please!
to pay the bills - pay the bills
- benefit– benefit, benefits for the employee (insurance, vacation, etc.)
The discovery of oil brought many benefits to the town. – Finding oil brought many benefits (positive effects) to the city.
My job gives medical benefits. – My job provides benefits in medical care (health insurance).
- firm– company
He works for a low firm. – He works in a law firm.
- management– management (management staff)
Management has offered staff a pay increase. – The management team offered the staff a salary increase.
- charge– fee (price)
We don't take any charge for that. – We don’t charge any fees for this.
- property– property
private property - private property
- base– base, base
We want to expand our customer base. – We want to expand our customer base.
- owner- owner
I am the owner of this restaurant. – I am the owner of this restaurant.
- investment– investments
Education is the best investment. – Education is the best investment.
- consumer– consumer
low consumer demand - low consumer demand
- budget– budget
I am on a tight budget. – My budget is very limited.
- agreement– agreement
We came to the agreement. – We have come to an agreement.
- capital– capital
He keeps his capital in the bank. – He keeps his capital in the bank.
- account– account (bank)
I would like to withdraw money from my bank account. – I would like to withdraw money from my bank account.
- credit– loan
He bought the car on credit. - He bought a car on credit.
- income- income
Job is my only source of income. – Work is my only source of income.
- insurance– insurance
Sorry, but your insurance doesn’t cover it. - Sorry, but your insurance does not cover this case.
- sales- sales
Car sales a low this year. – Car sales are low this year.
contract | [ˈkɒntrækt] | Contract |
demand | demand (demand) | |
share | [ʃeə] | share, share |
competition | [ˌkɒmpɪˈtɪʃən] | competition |
claim | claim, statement | |
supply (econom.) | offer (economy) | |
supply (provision) | support (material) | |
market | [ˈmɑːkɪt] | market |
assessment | [əˈsɛsmənt] | grade |
revenue | [ˈrɛvɪnjuː] | income |
loan | credit (loan) | |
investor | [ɪnˈvɛstə] | investor |
profit | [ˈprɒfɪt] | profit |
cash | cash | |
advertisement (abbr. ad) | [ədˈvɜːtɪsmənt] [æd] | advertising (announcement) |
real estate | real estate | |
branch | branch | |
fee | fee (remuneration) | |
division | division (administrative\political) | |
debt | debt (meaning “money debt”) | |
check | [ʧɛk] | check |
check | [ʧɛk] | examination |
welfare | [ˈwɛlfeə] | welfare, unemployment benefits |
representative | [ˌrɛprɪˈzɛntətɪv] | representative |
association | [əˌsəʊsɪˈeɪʃ(ə)n] | association |
asset | [ˈæsɛt] | asset (contribution) |
payment | [ˈpeɪmənt] | payment |
expense | [ɪksˈpɛnsɪz] | consumption |
funding | [ˈfʌndɪŋ] | financing |
savings | [ˈseɪvɪŋz] | saving |
gain | profit |
Examples:
sale | sale (sale) | |
foundation | foundation (creation of something) | |
goods | goods | |
marketing | [ˈmɑːkɪtɪŋ] | marketing |
poverty | [ˈpɒvəti] | poverty |
spendings | [ˈspɛndɪŋz] | expenses |
evaluation | [ɪˌvæljʊˈeɪʃən] | grade |
commission | commission | |
deficit | [ˈdɛfɪsɪt] | deficit |
estimate | [ˈɛstɪmɪt] | grade |
enterprise | [ˈɛntəpraɪz] | company |
employment | [ɪmˈplɔɪmənt] | employment |
wealth | wealth | |
brand | brand | |
stake | promotion | |
corporation | [ˌkɔːpəˈreɪʃən] | corporation |
provision | supply, provision | |
fortune | [ˈfɔːʧən] | condition (monetary) |
shopping | [ˈʃɒpɪŋ] | Shopping |
finance | finance | |
transfer | [ˈtrænsfə(ː)] | transfer, transfer (eg money) |
treaty | [ˈtriːti] | agreement (between countries), negotiations |
license (Br.) license (Am.) | [ˈlaɪsəns] | license |
establishment | [ɪsˈtæblɪʃmənt] | foundation (creation of something) |
partnership | [ˈpɑːtnəʃɪp] | partnership |
buyer | [ˈbaɪə] | buyer |
stability | stability | |
customer | [ˈkʌstəmə] | client, buyer |
client | [ˈklaɪənt] | client |
package | [ˈpækɪʤ] | package |
business | [ˈbɪznɪs] | business |
Examples:
- sale– sale (sale)
The house if for sale. – The house is for sale (put up for sale).
- foundation– foundation (creation of something)
the foundation of a new company – foundation of a new company
- goods- goods
We sell different goods from many states. – We sell different products from many states.
- marketing– marketing
Marketing is vital for good sales. – Marketing is vital for good sales.
- poverty- poverty
Millions of people live in poverty. – Millions of people live in poverty.
- spending(spendings) – expenses
They'll have to cut their spending (spendings). “They will have to cut their expenses.”
- evaluation- grade
evaluation of real estate - real estate assessment
- commission– commission
The salesperson in on commission. – The seller works for a commission (“percentage”).
- deficit– deficit
budget deficit – budget deficit
- estimate- grade
I made a rough estimate of the likely cost. “I made a rough estimate of the likely cost.”
- enterprise- company
This is a state-owned enterprise. – This is a state enterprise.
- employment– employment
employment agency - employment agency
- wealth- wealth
poverty and wealth – poverty and wealth
- brand– brand
Coca Cola is one of the most expensive brands in the world. – Coca Cola is one of the most expensive brands in the world.
- stake- promotion
He holds a ten percent stake of the company. “He owns ten percent of the company’s shares.”
- corporation– corporation
He used to work in a large corporation but now he works in a small company. – He used to work for a big corporation, but now he works for a small company.
- provision– supply, support
Our work in impossible without the provision of good internet connection. – Our work is impossible without a good Internet connection.
- fortune– condition (monetary)
to make a fortune - make a fortune
- shopping- Shopping
Shopping might be addictive. – Shopping can be addictive.
- finance– finance
finance department - financial department
the company’s finances – company finances
- transfer– transfer, transfer (eg money)
Why was my money transfer declined? – Why was my money transfer rejected?
- treaty– agreement (between countries), negotiations
The peace treaty has been signed. - The peace treaty has been signed.
- license(Br.) license (Am.) – license
driving license (Br.), driver’s license (Am.) – driver’s license
- establishment– foundation (creation of something), organization
The establishment of the organization is our priority now. – Our priority now is the founding of the organization.
educational establishment - educational organization
- partnership– partnership
Our partnership is productive. – Our partnership is productive.
- buyer- buyer
I am looking for a buyer for my car. – I’m looking for a buyer for my car (a person who will buy a car)
- stability– stability
We need some stability in our lives. – We need some stability in life.
- customer- client, buyer
You are the first customer today. – You are the first buyer today.
- client- client
Is the client always right? – The client is always right?
- package- package
The package has been delivered. - The parcel has been delivered.
- business– business
He runs his own business. – He runs his own business.
Notes:
- Difference between advertisement And commercial
Under advertisement usually understand print advertising, external advertising, advertising as publication. Also the word advertising denotes advertising as a business process. TV advertising is called commercial. In colloquial speech the word advertisement very often shortened to ad.
- Difference between store And shop
Both words are translated as “shop,” but they mean slightly different types of stores. There are also similar words grocery, mall, supermarket.
- Store- This is usually a department store, a large store with different types of goods.
- Shop– a store with one type of goods, shop. However, shop and store are often used interchangeably.
- Grocery- grocery store.
- Mall- large shopping center, mall.
- Supermarket– supermarket, self-service store. However, if this is a grocery store, then it will most likely be called a mall rather than a supermarket.
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Do you want to improve your spoken English? Learning colloquial phrases and expressions is exactly where you should start!
This article contains everything you need in a conversation on absolutely any topic. You will make your speech richer and more varied, and your communication with people more enjoyable and exciting!
Greetings and farewells
Of course, you can always get by with the words “Hello”, “How are you?” and “Goodbye”, but there are also more varied ways to say hello and goodbye, especially in a friendly environment (for example, in a group):
How is it going? | How are things going? |
How's life? | What's up? |
How are things? | How is it? |
Long time no see! | Long time no see! |
What are you up to? | What are you doing? |
What have you been up to? | What have you been doing all this time? |
See you soon! | See you later! |
See you later! | See you later! |
Till next time! | Until next time! |
Good luck! | Good luck! |
Take care! | Take care of yourself! |
Talk to you later! | We'll talk to you later! |
Until we meet again! | See you! |
Have a nice day! | Have a good day! |
Have a good weekend | Good weekend |
Have a safe trip | Have a good trip |
Say hi to... | Give my regards to … |
Send my love to… | Say hello... (if we are talking about relatives or close people) |
Introductory words
They make sentences more coherent and help the interlocutor follow your train of thought. They also give time to find words without creating long pauses in speech.
In short / in brief | in short |
In a word | in a nutshell |
As far / as to | concerning |
Not to mention | not to mention |
First of all/ above all | first of all |
What's more | Besides |
By the way | By the way |
After all | eventually; after all |
Just for the record | for reference; so that you know |
And so on and so forth | and so on |
If I'm not mistaken | if I'm not mistaken |
In other words | in other words |
On the contrary | vice versa |
The thing is | The fact is that |
So as to / so that | so that |
Either way | anyway |
As a rule | usually, as a rule |
As well as | as well as |
All the same | doesn't matter |
On one hand | On the one side |
On the other hand | on the other side |
Such as | For example |
As I said before | as I already said |
Believe it or not, but | believe it or not, but |
If I remember rightly / If I recall correctly | If I remember it right |
Ways to express agreement or disagreement
There are many shades between “yes”, “no” and “maybe”. If you want to avoid direct refusal or, on the contrary, express your enthusiasm, these expressions will help you:
Perhaps | Maybe, maybe |
Of course / Sure | Certainly |
Definitely | Definitely, definitely |
Absolutely | Undoubtedly |
Naturally | Naturally |
Probably | Probably |
You are right | You're right |
It can hardly be so | This is unlikely to be the case |
Very well | Very good |
Most likely | More likely |
Most unlikely | Hardly |
Not a bit | Not at all |
I believe so / suppose so | I guess that's true |
I doubt it | I doubt |
No way | No way, no way |
Exactly so | Exactly |
Quite so | Quite right |
I agree with you | I agree with you |
I am afraid you are wrong | I'm afraid you're wrong |
I'm afraid so | I'm afraid so |
I'm not sure | Not sure |
I don't think so | I don't think so; hardly |
In a way / to a certain extent | In a sense |
No doubt | Undoubtedly |
I'm in / I'm game | I am “for” (in response to a suggestion to go somewhere or do something) |
I think I'll pass | Better without me |
Deal! | It's coming! |
It's a great idea! | Great idea! |
Not a very good idea | Not a good idea |
I'm looking forward to it | I'm looking forward to it |
Polite phrases
Always nice in any language. Rest assured, your interlocutor will appreciate knowing these phrases, whether it be a thank you, an apology, or just a simple courtesy.
I'm so sorry! | I'm really sorry! |
I beg your pardon! | I'm sorry! |
I’m sorry, I can’t. | Sorry, I can't. |
Sorry, I meant well. | Sorry, I wanted the best. |
It's very kind of you! | It is very kind of you! |
Thank you anyway! | Anyway, thanks! |
Thank you in advance! | Thanks in advance! |
Don't mention it! | Do not mention it! |
May I help you? | Can I help you? |
No problem / that’s ok! | Everything is fine! |
Don't worry about it! | Don't worry about it! |
This way, please! | Here please! |
After you! | After you! |
Ways to keep the conversation going and respond to what is said
Undoubtedly, the most popular colloquial reaction is the word “Really?” Depending on the intonation, it can express a variety of emotions, from sarcasm and irony to surprise and sincere delight. But, of course, there are other ways to show interest in what is being said:
What's the matter? | What's the matter? |
What's going on? / What's happening? | What's happening? |
What's the trouble? | What is the problem? |
What's happened? | What's happened? |
How was it? | So how? (How did everything go?) |
Did I get you right? | Did I understand you correctly? |
Don't take it to heart. | Don't take it to heart. |
I didn't catch the last word. | I didn't understand the last word. |
Sorry, I wasn’t listening. | Sorry, I listened. |
It doesn't matter. | It does not matter. |
It is new to me. | This is news to me. |
Let us hope for the best. | Let us hope for the best. |
May I ask you a question? | Can I ask you a question? |
Next time lucky! | Better luck next time! |
Oh, that. That explains it. | That's it, that explains everything. |
Say it again, please. | Could you repeat it, please. |
So that’s where the trouble lies! | So that's the thing! |
Things happen. | Anything can happen. |
What do you mean? | What do you have in mind? |
Where were we? | Where did we leave off? |
You were saying? | Did you say something? |
I’m sorry, I didn’t catch you. | Sorry, I didn't hear. |
Lucky you! | What a score! |
Good for you! | So much the better for you! (In this phrase, a lot depends on intonation; it often implies sarcasm: “Well, well, I’m glad for you!”) |
I'm so happy for you! | I'm so happy for you! (But this is said absolutely sincerely) |
What do you know! | Who would have thought! |
Economic English.
Hegemony(Greek ηγεμονία, “leadership, management, leadership”) - primacy, superiority in strength, influence. Historically, the term was used to designate the primacy of the most powerful city-state from the union of Greek poleis
Honestly, I am not a political person, but the current situation in the economic and political sector of Russia leaves much to be desired. Let's see what Western political scientists think about financial and political forecasts. Is everything so sad? Let's look at the news and the opinion of political scientist George Friedman about forecasts in Russia, Ukraine and our relations with the West. Here I will help you with economic and political terms and expressions from an article in English that is quite easy to understand (Intermediate Level). I will also add some interesting remarks about Mr. Friedman's Russia. Also, I recommend you look at my post
economic expectations - economic expectations
foremost - most important, outstanding
plunge of the ruble - a sharp drop in the ruble
decline in oil prices - decline in oil prices
general slowdown - general decline
effect of Western Sanctions - effect of Western sanctions
decline in the ruble - decline of the ruble
real impact - real impact
inflation - inflation
bluff - bluff
pivot of the conversation - the main topic of the conversation
policy towards Ukraine - policy towards Ukraine
Russians’ strength is that they can endure things that would break other nations.- The strength of the Russians is that they can withstand things that would break other nations.
Interesting idea.
harsh - hard
seizing the assets of Western companies- seizing the assets of Western companies
curtailing agricultural imports- reduction in agricultural imports
cut off natural gas - stopping the gas supply
increased sanctions -increasing sanctions
oil price drops - decrease in oil prices
Economic downturns - economic recession
Opinion:
Russians don’t respond to economic pressure as Westerners do- Russians do not react to economic pressure in the same way as the West.
Interesting note.
propaganda campaign - propaganda activities
invasion - invasion
assertion - statement, statement
high degree of autonomy. - high degree of autonomy
Redrawn map of Serbia - a newly drawn map of Serbia
necessary strategic buffer - necessary strategic buffer zone
significant threat - significant threat
pursuing a single objective - pursuing a single goal
military weakness - military weakness
political disunity - political disagreements
to impinge - to encroach, to encroach
Geopolitical - geopolitical
Immediate issue - urgent question
Attempt to embarrass the president- an attempt to confuse the prizedent
cope with the existing sanctions- cope with existing sanctions
endure economic problems - endure economic problems
affirm significance - affirm significance
Interesting wording:
But obviously, nothing is more dangerous than wounding a bear. Killing him is better, but killing Russia has not proven easy.
But obviously there is nothing more dangerous than injuring a bear. It’s better to kill him, but as it turns out, it’s not that easy.
fundamental strategic importance- fundamental strategic importance
rising power - increasing power
I will also give an excerpt from the article and translate it. Either way, stay positive and look forward.
The United States and Europe have trouble understanding Russia’s fears. Russia has trouble understanding particularly American fears. The fears of both are real and legitimate. This is not a matter of misunderstanding between countries but of incompatible imperatives. All of the good will in the world - and there is precious little of that - cannot solve the problem of two major countries that are forced to protect their interests and in doing so must make the other feel threatened. I learned much in my visit. I did not learn how to solve this problem, save that at the very least each must understand the fears of the other, even if they can’t calm them.
Europe and the United States have certain difficulties understanding Russia's concerns. Russia has big problems understanding American fears. The fears are equally real and justified. This is not a matter of misunderstanding between countries, but a matter of incompatible political ambitions. All the good will in the world, and there is precious little of it here, cannot solve the problem of two huge mammoths who are forced to defend their interests and thus feel threatened by each other. I learned so much during my visit to Moscow. But I still didn't understand how to solve the problem. The only thing that remains clear is that each country must understand the fears of the other, even if they cannot calm them.
P.S. Anti-whining everyone and have a great day!