Face the Axe
- If a person or institution is facing the axe, that person is likely to lose their job or that institution is likely to be closed, usually in order to save money.
- Hundreds more staff face the axe as managers prepare to present a five-year plan to investors.
Snap election
A snap election is an election that is called earlier than the one that has been scheduled.
Demand shock
- A demand shock is a sudden unexpected event that dramatically increases or decreases demand for a product or service, usually temporarily.
- A positive demand shock is a sudden increase in demand, while a negative demand shock is a decrease in demand.
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