financial revision 0.0 / 5 ? Accountingtopic 6GCSEOCR Created by: itickleurmum2Created on: 15-10-16 17:30 Banking industry Banks, buildings societies and other businesses that offer financial products and services; part of the private sector. 1 of 25 Capacity building Making local communities self-sustaining. 2 of 25 Charity sector Charities and other non-government organisations that are run not for profit but for the good of the society. 3 of 25 Communist economy A type of market economy in which government makes all of the decisions. 4 of 25 Corporate social responsibility Business self regulation that drives a company to act in an ethical manner. 5 of 25 Economic growth An increase in the output or production of a country, as measured by incomes and sales. 6 of 25 Free-market economy A type of market economy in which private individuals and companies make decisions, motivated by profit, without government interference. 7 of 25 Full employment when everyone in a country who is willing and able to work in paid employment. 8 of 25 Gross domestic product The total value of all goods made and services provided by a country in a year. 9 of 25 Gross profit Profit before corporation tax is paid 10 of 25 Inflation rate The rate at which prices are increasing. 11 of 25 Mixed economy An economy that falls between the extremes of a communist and free market economy. 12 of 25 Net profit Profit after corporation tax is paid. 13 of 25 Non government organisations a type of organisation that is not run for profit, but also is not part of the government 14 of 25 Payroll giving Making donations to a specific charity as deductions from a salary. 15 of 25 Price The purchase of price of a good or service. 16 of 25 Price stability Keeping inflation low 17 of 25 Private sector That part of the economy run by individuals or groups, rather than the government, to make a profit. 18 of 25 Profit The difference between the price for the which a product sells and the cost of making and selling it. 19 of 25 Public sector That part of the economy that comprises national and local government, and the services provided by government, such as education. 20 of 25 Social enterprise An enterprise that aims to increase social well-being rather than to make money, but which can be either not for profit or for profit. 21 of 25 Social responsibility The idea that individuals and organisations have a duty to act in a way that is best for society as a whole. 22 of 25 Third sector That part of the economy that is made up of non-governmental, non-corporate bodies, such as charities, community groups and social enterprises. 23 of 25 Turnover The value of sales that a business makes a year. 24 of 25 Unemployment rate The percentage of the work force that is of employment age and actively looking for a paid job. 25 of 25
Comments
No comments have yet been made