litigation - legal action against an individual or organization
EX: Litigation has increased significantly over the years.
protectionism - protecting a country’s trade by taxing foreign goods
EX: Protectionism usually increases the prices of basic goods to the consumer.
quota - an official limit on the amount of something
EX: Quotas have been imposed on 25 categories of imported clothing.
subsidy - money given by a government to certain producers to help them to produce without losing money
EX: World Bank economists are urging rich countries to cut subsidies to certain industries.
overload - an excessive quantity of something
EX: You may be overwhelmed by the overload of information that is available on the Net.
prioritize - to put things in the order of importance so that you can deal with the most important things first
EX: Prioritizing your work will help you to avoid backlogs
white-collar - employees who work in offices
EX: White-collar jobs are moving abroad.
supply chain - the interactions between the suppliers, manufacturers and distributors when making and selling a product
EX: Information technology has changed the dynamics of the supply chain
breakthrough - an important new discovery
EX: The iMac was a major breakthrough in computer design.
prototype - the first form that a new design takes
EX: The prototype has revealed areas where the design can be improved
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