business activity aims to add value, to change inputs in a way that customers see as potentially beneficial and attractive. Primary and secondary activity add value more abvious ways, tertiary activity provides services for customers.
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Aggregate demand
a measure of all the spending in the economy, by customers, firms, government and oversea buyers of export.
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Animal spirits
J.M. Keynes´s name for swings between optimism and pessimism in the community, which are often not rational.
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Asserion
making claim that is not supported by evidence, somethinf to avoid in exams.
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Assets
tings that are useful or valuable are assets. The assets of a business (or an individual) are the items of calue that they have. Premises, equipment and goodwill are examples of business assets.
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Autocratic
if someone has and uses ditatorial power, he is an autocrat. Autocratic leadership means that decision are handed down for implementation, and subordinates are not expected to question. decision or to offer alternatives.
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Bank loan
a fixed amount borrowed from a back, normally with set repayments of the loan plus iterest over a fixed time period.
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Benefits
gains, often payments from government for example to pensioners, children or the disabled.
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Other cards in this set
Card 2
Front
a measure of all the spending in the economy, by customers, firms, government and oversea buyers of export.
Back
Aggregate demand
Card 3
Front
J.M. Keynes´s name for swings between optimism and pessimism in the community, which are often not rational.
Back
Card 4
Front
making claim that is not supported by evidence, somethinf to avoid in exams.
Back
Card 5
Front
tings that are useful or valuable are assets. The assets of a business (or an individual) are the items of calue that they have. Premises, equipment and goodwill are examples of business assets.
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