Boosting the Living Standards of the Self-employed Flashcards
Year-on-year
adjective
Comparing something to the same time one year before
We have seen great improvements year-on-year.
Sales have decreased slightly year-on-year.
A cyclical blip
adjective - noun
An event that occurs in a cycle
The recession is not just a cyclical blip.
They are trying to guard themselves against cyclical blips.
Long term trends
adjective - noun
A trend that lasts for a long time
We have seen some worrying long term trends.
Some of these long term trends are disappearing.
… is here to stay
phrase
Something will not go away anytime soon
It seems the Metaverse is here to stay.
Unfortunately rising prices are here to stay.
Overhaul
verb / noun
To examine something in order to change it
There has been an overhaul in the banking industry.
They are trying to overhaul the system.
Volatility
noun
Something that changes unpredictably, usually for the worse
There has been some volatility in recent sales.
Volatility in the economy is unavoidable.
Unforeseen events
adjective - noun
Something that happens suddenly and unexpectedly
Some unforeseen events has led to cancelling the show.
Due to unforeseen events we cannot continue.
Deregulation
noun
The removal of regulations and restrictions in a certain industry
The HR industry in Japan needs some deregulation.
There was some deregulation of the finance industry after the crash.
Entity
noun
A group with an independent existence
Several entities were responsible for the downturn.
A governmental entity was responsible.
Pool
verb
To put something together for shared use
We should pool our resources.
They were able to pool their money and pay their rent.
Conventional
adjective
Based on how things are normally done or believed
The conventional way would be too slow.
Their methods are very conventional.
Perils and pitfalls
nouns
Negative points / difficulties
There are some perils and pitfalls when working part-time.
The perils and pitfalls of his plan is becoming clear.