Business studies and economics unit 4

1. Uses quantitative easing and interest rates to influence the level of consumption, investment and aggregate demand (8, 6)
4. Refers to skills, training and experience embodied in individual people (5, 7)
5. An agreement not to compete bewteen two or more producers within an industry, typically agree to coordinate prices and production (1, 6)
7. A fair or just distribution of income or wealth (6)
8. Negative externalities but over-consumed (2, 5, 5)

2. Involves changes in taxation, government expenditure and public borrowing (6, 6)
3. Include all costs and benefits that affect third parties (13)
6. Agreeing with competing producers to avoid any action that would make the competition stiffer (9)
9. Occurs when a regulator looks at an industry from the industry's point of view rather than the regulator's (10, 7)
10. Take a higher percentage of total income from poorer people as its the same for everyone (10, 5)

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