Topic 5

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Economic environment
The key economic factors that influence the behaviour of businesses and their consumers
1 of 5
Inflation
A general rise in prices or a fall in the value of money
2 of 5
Exchange rates
The price of one currency in terms of another
3 of 5
Interest rates
The price of money i.e. the cost of borrowing or the reward for saving
4 of 5
Taxation
The process of imposing charges on businesses and individuals by the government
5 of 5

Other cards in this set

Card 2

Front

A general rise in prices or a fall in the value of money

Back

Inflation

Card 3

Front

The price of one currency in terms of another

Back

Preview of the back of card 3

Card 4

Front

The price of money i.e. the cost of borrowing or the reward for saving

Back

Preview of the back of card 4

Card 5

Front

The process of imposing charges on businesses and individuals by the government

Back

Preview of the back of card 5

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