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Card 26

Front

A process whereby the production process is broken down into a sequence of stages and workers are assigned to particular stages. It is specialisation on an individual level.

Back

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Card 27

Front

A curve showing the maximum combinations of goods and services that can be produced in a set period of time given available resources.

Back

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Card 28

Front

Functions of Money - Medium of Exchange

Back

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Card 29

Front

Functions of Money - Store of Value

Back

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Card 30

Front

Functions of Money - Unit of Account

Back

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Card 31

Front

Functions of Money - Standard of Deferred Payment

Back

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