Ch 10 - key terms

HideShow resource information
  • Created by: angus f.v
  • Created on: 08-10-14 11:39
Economic growth
An increase in income, output and expenditure over a period of time
1 of 6
Fisical policy
Using changes in taxation and government expenditure to manage the economy
2 of 6
Inflation
A rise in the general price level
3 of 6
Interest
The price of borrowed money.
4 of 6
Monoply
Where one business dominates the whole market
5 of 6
Unemployment
When people are out of work and cannot find a job
6 of 6

Other cards in this set

Card 2

Front

Using changes in taxation and government expenditure to manage the economy

Back

Fisical policy

Card 3

Front

A rise in the general price level

Back

Preview of the back of card 3

Card 4

Front

The price of borrowed money.

Back

Preview of the back of card 4

Card 5

Front

Where one business dominates the whole market

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all - resources »