A B C D E F G H J K L M N O P Q R S T U V W X Y Z

A

B

Brainstorming	- a group problem-solving technique in which members sit around and let fly with ideas and possible solutions to the problem (Webster’ Online Dictionary).
Brownfield	- an abandoned, idled or underused facilities where expansion or redevelopment is complicated by real or perceived environmental contamination (U.S. Environmental Protection Agency).

C

Capacity	- the maximum production possible (Webster’ Online Dictionary).
Competitive Advantage	- сondition which enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with, and which results in benefits accruing to that company (InvestorWords.com).
Content Manager	- a person or team responsible for the content management of a web-site, terminology file, database or data bank.
Cultural and Heritage Tourism	- an economic development tool that achieves economic growth through attracting visitors from outside of a host community, who are motivated wholly or in part by interest in the historical, artistic, scientific or lifestyle/heritage offerings of a community, region, group or institution.
Customer Base	- the group of current clients and consumers that a business serves (Wikipedia).

D

Digital Economy

- an economy that is based on electronic goods and services produced, and traded primarily through the electronic commerce. That is, a business with electronic production and management processes and that interacts with its partners and customers and conducts transactions through Internet and Web technologies (Wikipedia).

E

Ecotourism	- tourism to exotic or threatened ecosystems to observe wildlife or to help preserve nature (Webster’s Online Dictionary).
Effective	- рroducing or capable of producing an intended result or having a striking effect; able to accomplish a purpose (Webster’s Online Dictionary).
Efficiency	- the ratio of the output to the input of any system; skilfulness in avoiding wasted time and effort (Webster’s Online Dictionary).
Extension Service	- various kinds of outreach, consulting and training activities that university faculty and staff are involved into in order to disseminate knowledge and research outcomes. These activities aimed at helping people, businesses and communities in applying the modern knowledge in everyday life.
Externality	- the environmental, social, and economic impacts of producing a good or service that are not directly reflected in the market price of the good or service (Webster’s Online Dictionary).

F

Facilitator	- someone who makes progress easier (Webster’s Online Dictionary).
Foreign Direct Investments (FDI)	- the investment by companies domiciled in one country in companies domiciled in another; it usually entails investor control and managerial involvement; direct investments made by corporations of the country in question in foreign corporations (Webster’s Online Dictionary).

G

H

J

K

Knowledge Economy

- the term refers to the use of knowledge to produce economic benefits. The phrase came to prominence in New Zealand in the mid-to late-1990s as a way of referring to the manner in which various high-technology businesses, especially computer software, telecommunications and virtual services, as well as educational and research institutions, can contribute to a country's economy. A key concept of this sector of economic activity is that knowledge and education can be treated as a business product and that educational and innovative intellectual products and services can be exported for a high value return (Webster’ Online Dictionary).

L

M

N

O

P

Personal (Face-to-Face) Interview	- market research technique for gathering information through face-to-face contact with individuals. Personal interviews take place in a variety of settings - in homes, at shopping malls, in a business office. This type of research is relatively costly, because it requires a staff of interviewers, but it provides the best opportunity to obtain information through probing for clearer explanations (AllBusiness).
Private Sector	- that distinct portion of the institutional, industrial, or economic structure of a country that is controlled or owned by non-governmental, private interests (Webster’s Online Dictionary).
Product Life Cycle	- the conditions a product is sold under change over time. Product life cycle includes several stages: introduction, growth, maturity and decline. (Wikipedia, QuickMBA).
Public Sector	- the area of a nation's economy that is tax-supported and under government control (Webster’s Online Dictionary).

Q

R

Relative Income	- a ratio of person’s or community’s income to the incomes of surrounding persons or communities.
Relative Income Hypothesis	- an individual’s attitude to consumption and saving is guided more by his income in relation to others than by an abstract standard of living.

S

Secret Shopper (Mystery Shopper)	- a person employed by a manufacturer or retailer to pose as a shopper in order to evaluate the quality of customer service (The Oxford Pocket Dictionary of Current English).
Stakeholder	- any organization, governmental entity, or individual that has a stake in or may be impacted by a given project or an approach to economic development (Webster’ Online Dictionary).
Sustainable Development	- the development which meets the needs and aspiration of the present generation without compromising the ability of future generations to meet their own needs (Webster’ Online Dictionary).

T

U

V

Venture Capital Fund

- a partnership that primarily invests the financial capital of third party investors in enterprises that are typically too risky for ordinary bank loans. (Wikipedia).

W

X

Y

Z

Main