F2F Class Notes (Nemo)

Vocabulary

rationalize (v):EXPLAIN 1-to try to find reasons to explain your behavior, decisions, etc.:
E.g.: She rationalized the cost by saying that an expensive carpet would last longer than a cheaper one.

rationalize (v): FINANCE1- to make a company, way of working, etc. more effective, usually by combining or stopping particular activities, or (of a company, way of working, etc.) to become more effective in this way:
E.g.: We rationalized the production system so that one operator could control all three machines.
E.g.: The recession is forcing the company to rationalize.

recession (n): 1- a period when the economy of a country is not successful and conditions for business are bad:
E.g.: The country is sliding into the depths of (a) recession.

depression (n):FINANCE 1- a period in which there is very little business activity and not many jobs:
E.g.: The stock market crash marked the start of a severe depression.

commute (v): 1-to make the same journey regularly between work and home:
E.g.: It’s exhausting commuting from Brighton to London every day.

proximity (n): 1-the state of being near in space or time:
E.g.: The best thing about the location of the house is its proximity to the town center.

unilateral (adj): done independently by one group or country:
E.g.: a unilateral action

bilateral (adj): involving two groups or countries:
bilateral relations
E.g.: The countries signed a bilateral agreement.

social mobility社会流动性-the ability to move from one level of society to another.
E.g.: A strong economy offers greater opportunities for social mobility.

take your chance-抓住机会

give way to sth-让路给某物-to be replaced by something:
E.g.: My excitement gave way to fear when I drove a car for the first time.
2-to be replaced by something, especially because it is better, cheaper, easier, etc.:
E.g.: In some areas, modern intensive farming is giving way to the re-introduction of traditional methods.

hub (n): 1-the central or main part of something where there is most activity:
E.g.: The City of London is the hub of the UK’s financial world.

price yourself/sb/sth out of the market-to charge so much for a product or service that nobody wants or is able to buy it:
E.g.: There are concerns that London is pricing itself out of the market as a European business base.
E.g.: Sharp rises in house prices in recent years are increasingly pricing many people out of the market.

price (oneself, someone, or something) out of the market:To change the price of something in such a way that one, someone, or something is no longer competitive or viable on the market.
E.g.: Their latest smartphone is indeed impressive, but it won’t revolutionize the industry, and at $1,200, they’ve really priced themselves out of the market.