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  1. #1

    Please explain those terms.

    I read newspaper quite a lot and came across some expressions and sentences that I couldn't get a clue on what they meant. I would be very obliged if someone could explain them to me.

    "There is little prospect of Vietnam reversing the course of opening its economy." => reverse the course ???

    "face extreme difficulties finding managers who can confidently interface between overseas clients and teams of young software engineers" => what does "interface" mean in this context ?

    "when the whole investment opportunity here was smoke and mirrors" => what does "smoke and mirrors" mean ?

    "All nightspots must be closed after midnight. After-hours places do exist for those in the know, however." => those in the know ???

    "The biggest vessels can carry 9000 containers, offering economics of scale that seem to bend logic" => what does "economics of scale", "bend logic" mean?

    Thanks in advance.

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    #2

    Re: Please explain those terms.

    1 They will find it difficult to reverse the policy of opening the economy
    2 communicate with both sides well
    3 An illusion, not a real opportunity
    4 These bars are not opern to the public, the people in the know are those that know where they are and how to get in
    5 An economy of scale is where the cost of producing something falls because fixed costs don't increase thoughy production does- the more you make, the cheaper it gets

  2. #3

    Re: Please explain those terms.

    Thank you, teacher.

    But I quite don't understand the last sentence. The more I produce, the cheaper it gets. So in this sentence's context, it means the more a vessel can carry containers, the cheaper the cost is ?

    BTW, you still didn't explain what "bend logic" means ?

  3. RonBee's Avatar
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    #4

    Re: Please explain those terms.

    Quote Originally Posted by hookeba View Post
    Thank you, teacher.

    But I quite don't understand the last sentence. The more I produce, the cheaper it gets. So in this sentence's context, it means the more a vessel can carry containers, the cheaper the cost is ?

    BTW, you still didn't explain what "bend logic" means ?
    The phrase is "economies of scale", and it means that the more items that are produced the less the cost is per item. The term "bend logic" means, I think, that it seems to defy logic.


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