Terminologies:

1. Antedates – a date assigned to an event or document earlier than the actual date of the event
or document
2. Capitalist – an economic system characterized by private or corporate ownership of capital
goods, by investments that are determined by private decision and by prices, production and
the distribution of goods that are determined monopoly mainly by competition in a free market.
- exclusives ownership through legal privilege
3. Defunct – no longer exist or being used
4. Dubious – unsure or uncertain; feeling doubt about something
5. Encroach – to gradually move or go into an area that is beyond the usual desired limits
6. Externalities – a secondary or unintended consequence
7. Idiosyncratic – a peculiarity of constitution or temperament: an individuality characteristics or
quality
8. Lament – to express, sorrow, mourning, or regret for often demonstratively
9. Normative – of, relating to, or determining norms – a set of standards of development of a large
group
10. Offshoring – the practice of basing some of a company’s processes or services overseas,
so as to take advantage of lower costs
11. Progenitor – someone who first thinks or does something; a person who begins something
12. Renege – to refuse to do something that you promised or agreed to do
13. Rhetorical – of, relating to or concerned with rhetoric- the art of speaking or writing effectively
14. Rigor – the difficult and unpleasant conditions or experiences that are associated with
something
15. Savvy – practical understanding or knowledge of something
16. Scrutinize – to examine (something) carefully especially in a critical way
17. Social Welfare – organized public or private social services for the assistances of disadvantaged
groups
18. Subprime – having or being an interest rate that is higher than a prime rate and is
extended especially to low-income borrowers
19. Utilitarianism – the belief that a morally good action is one that helps the greatest
number of people.
20. Zealous – feeling or showing strong and energetic support for a person, cause or etc.