Economics Key Terms 5.5 0.0 / 5 ? Business Studies & EconomicsTopic 5.5 Is there any other help? Key termsGCSEEdexcel Created by: MeghnaCreated on: 26-05-14 11:34 54783216910 Across 1. the exchange of goods and services between countries where there are no restrictions (4, 5) 6. organisations that aim to produce a surplus of income over expenses to promote a good cause (9) 7. a level of income usually defined by the government of international body, below which a person would not be able to afford many of the goods and services seen as essentials of a decent standard of living (7, 4) 9. a tax which is imposed on goods and services which have been imported from abroad and which has the effect of increasing the price (6) 10. an organisation that provides loans to LEDCs. It is based in Washington in the USA (5, 4) Down 2. a physical limit to the amount of goods and services that can be imported into a country (5) 3. the reduction or cancellation of debt that LEDCs owe to either the World Bank or Developed Nations (4, 6) 4. An NGO which aims to improve living standards in LEDCs by paying higher prices for agricultural produce (9) 5. where firms act with a moral sense of responsibility towards their stakeholders (9, 11) 8. where living in poverty makes it harder for you to escape poverty in the long run (7, 5)
GCSE Business studies unit 5 - intro to economic understanding revision notes 4.5 / 5 based on 17 ratings
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