KEY TERMS 3.0 / 5 based on 1 rating ? Business StudiesA2/A-levelAQA Created by: Bianca de GouveiaCreated on: 21-03-13 12:00 Inflation A rise in prices 1 of 24 Exchange rate depreciation Makes exports cheaper 2 of 24 External cost also called a negative externality 3 of 24 Minimum wage this is lower in Asia, than it is in europe 4 of 24 Boom A period of high growth and probable inflation 5 of 24 Exchange rate The price of one currency, in terms of another 6 of 24 Growth Another word for recovery 7 of 24 Competition Lots of this, could make your product more price elastic 8 of 24 Slump A period of falling GDP 9 of 24 Fiscal Policy using Taxation and Government Spending to control GDP 10 of 24 Employment law Minimum wage, working hours and anti discrimination areas of... 11 of 24 unemployed People who are willing to work, but cannot find a job 12 of 24 Taxation Money paid to the government 13 of 24 Multinational Company Uses factors of production in more than one country 14 of 24 Interest Rates The cost of borrowing, or reward for saving 15 of 24 Trade Union Groups of workers who come together to protect their interests 16 of 24 Pressure Group Greenpeace is an example of this 17 of 24 Exchange rate appreciation makes exports more expensive 18 of 24 Quota A limit on the number of imports 19 of 24 Recession The lowest point in the Economic Cycle 20 of 24 G.D.P Gross Domestic Product 21 of 24 Tariff A tax on imports 22 of 24 Monetary Policy Using Interst rates to control GDP 23 of 24 Ethics Judgements about what is morally right or wrong 24 of 24
Comments
No comments have yet been made