Economics

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  • Created by: CTR1
  • Created on: 03-12-15 11:50
an instalment plan in which the loan company owns the item but it becomes yours when the overall debt is fully paid off
hire purchase
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borrowing up to a certain amount on a current account
overdraft
2 of 13
a pooled investment usually in shares-based investments
unit trusts
3 of 13
a certificate representing a unit of ownership within a company
shares
4 of 13
work patterns that do not follow stanard working hours
shift work
5 of 13
pay after all deductions are made
net pay
6 of 13
how many ways can income tax be paid?
two
7 of 13
the amount of work a each worker is willing to perform
supply of labour
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the interest rate published on loans to help compare their true costs
APR
9 of 13
putting money aside for later use
saving
10 of 13
the age at which you qualify for retirement
65
11 of 13
when resources are limited but our 'needs' and 'wants' are infinite, what is the problem called?
basic economic problem
12 of 13
the process of trying to beat others, eg trying to gain more customers
comeptition
13 of 13

Other cards in this set

Card 2

Front

borrowing up to a certain amount on a current account

Back

overdraft

Card 3

Front

a pooled investment usually in shares-based investments

Back

Preview of the front of card 3

Card 4

Front

a certificate representing a unit of ownership within a company

Back

Preview of the front of card 4

Card 5

Front

work patterns that do not follow stanard working hours

Back

Preview of the front of card 5
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