Self-employment in Work Glossary for IELTS

10 Work terms

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.

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