More cards in this set

Card 16

Front

The making/putting together/manufacturing/constructing sector

Back

Preview of the front of card 16

Card 17

Front

The service and retailing sector

Back

Preview of the front of card 17

Card 18

Front

A minimum price is set above the equilibrium and the price is not allowed to go below it

Back

Preview of the front of card 18

Card 19

Front

Agreed coming together of two firms

Back

Preview of the front of card 19

Card 20

Front

When one firm seeks to take control of another, an either be friendly or hostile

Back

Preview of the front of card 20

Card 21

Front

This occurs when two firms come together through a merger or takeover

Back

Preview of the front of card 21

Card 22

Front

Whena one frim grows in size (increasing output) and so benefits from lower average costs

Back

Preview of the front of card 22

Card 23

Front

When a whole industry grows in size , so firms within that industry benefit form lower average costs

Back

Preview of the front of card 23

Card 24

Front

An individual payment, usually for a weeks work. It tends to be given as an amount per hour

Back

Preview of the front of card 24

Card 25

Front

An individual payemtn ususally for a months work. It tends to be given as an amount per year, divided into twelve individual payments

Back

Preview of the front of card 25
View more cards