This glossary can help you prepare for the IELTS writing tasks related to the Self-employment in Work.
barely:
adverb
Almost not
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
economic prosperity:
noun phrase
Economic prosperity is the key element to quality of life and is also necessary for the nation to be competitive in the world economy.
Example:This would likely lead to better consumer products across the board as well as increased national economic prosperity.
entrepreneur:
noun
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
Example:An increasing number of people today are opting to start their own companies instead of working for a company mainly because of the increased support for young entrepreneurs.
executive:
noun
A person with senior managerial responsibility in a business.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
expertise:
noun
Expert skill or knowledge in a particular field.
Example:The main disadvantages of not having an employer are lack of expertise and its overall effect on businesses.
funding:
noun
Money provided, especially by an organization or government, for a particular purpose.
Example:This show has launched a number of successful products by securing initial funding.
investor:
noun
A person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
nowadays:
adverb
At the present time, in contrast with the past.
Example:Nowadays many people choose to be self-employed.
self-employed:
adjective
Working for oneself as a freelance or the owner of a business rather than for an employer.
Example:Nowadays many people choose to be self-employed.
specialise:
verb
Make a habit of engaging in a particular activity.
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
start-up:
noun
A newly established business.
Example:There are undoubtedly positives to all these start-up companies.
barely:
adverb
Almost not
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
economic prosperity:
noun phrase
Economic prosperity is the key element to quality of life and is also necessary for the nation to be competitive in the world economy.
Example:This would likely lead to better consumer products across the board as well as increased national economic prosperity.
entrepreneur:
noun
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
Example:An increasing number of people today are opting to start their own companies instead of working for a company mainly because of the increased support for young entrepreneurs.
executive:
noun
A person with senior managerial responsibility in a business.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
expertise:
noun
Expert skill or knowledge in a particular field.
Example:The main disadvantages of not having an employer are lack of expertise and its overall effect on businesses.
funding:
noun
Money provided, especially by an organization or government, for a particular purpose.
Example:This show has launched a number of successful products by securing initial funding.
investor:
noun
A person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
nowadays:
adverb
At the present time, in contrast with the past.
Example:Nowadays many people choose to be self-employed.
self-employed:
adjective
Working for oneself as a freelance or the owner of a business rather than for an employer.
Example:Nowadays many people choose to be self-employed.
specialise:
verb
Make a habit of engaging in a particular activity.
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
start-up:
noun
A newly established business.
Example:There are undoubtedly positives to all these start-up companies.
barely:
adverb
Almost not
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
economic prosperity:
noun phrase
Economic prosperity is the key element to quality of life and is also necessary for the nation to be competitive in the world economy.
Example:This would likely lead to better consumer products across the board as well as increased national economic prosperity.
entrepreneur:
noun
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
Example:An increasing number of people today are opting to start their own companies instead of working for a company mainly because of the increased support for young entrepreneurs.
executive:
noun
A person with senior managerial responsibility in a business.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
expertise:
noun
Expert skill or knowledge in a particular field.
Example:The main disadvantages of not having an employer are lack of expertise and its overall effect on businesses.
funding:
noun
Money provided, especially by an organization or government, for a particular purpose.
Example:This show has launched a number of successful products by securing initial funding.
investor:
noun
A person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit.
Example:One well-known example of this can be seen on the popular show ‘Shark Tank,’ where a panel of investors and executives hear product pitches and compete to purchase stakes in budding entrepreneurs’ businesses.
nowadays:
adverb
At the present time, in contrast with the past.
Example:Nowadays many people choose to be self-employed.
self-employed:
adjective
Working for oneself as a freelance or the owner of a business rather than for an employer.
Example:Nowadays many people choose to be self-employed.
specialise:
verb
Make a habit of engaging in a particular activity.
Example:However, the majority of small start-ups find themselves in over their heads with apps that barely function and driver shortages that specialise in inconveniencing customers.
start-up:
noun
A newly established business.
Example:There are undoubtedly positives to all these start-up companies.