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Basic Concepts-Central Ideas (demo)
Basic Concepts-Resources (FOP) (demo)
Business Growth
Business Units and Finance
Business-Internal Organisation
Business-Producers & Sectors of the Economy
Business-Relationship Between Firms
Circular Flow Model- Basics (Two sector)
Circular Flow Model-Full Model
Demand-Basics Concepts
Demand-Conditions/Shifts
Demand-Types of Goods & Services
Market Equilibrium-Basics
Market Equilibrium-Price/Output changes (Basics)
Price Competition & Non-Price Competition
Price Controls-Maximum Price (demo)
Price Controls-Minimum Price
Production & the Production Process
Sales Tax and the Market
Subsidy and the Market
Supply-Basics Concepts
Supply-Conditions/Shifts
Each Glossary Term relates to a parent topic above.
Accounting Industry
Advantage of a subsidy
Advantages of a company
Advantages of a maximum price
Advantages of a partnership
Advantages of a sole trader
Advantages of centralised management
Advantages of decentralised management
Advantages of price competition/non price competition
Black market & a maximum price
Business Finance
Business Units
Calculations & a maximum price
Calculations & a minimum price
Capital Intensive
Capital Resources
Ceiling Price
Centralised Management
Ceteris Paribus
Choice
Co-operatives
Companies
Complements
Conspicuous consumption
Consumer
Consumer Demand
Consumption spending-the two sector model
Cost to Government of a Subsidy
Costs of Production
Debentures
Decentralised Management
Decrease in quantity demanded
Decrease in quantity supplied
Demand
Demand schedule
Derived demand
Determinants of Demand
Determinants of Supply
Disadvantage of decentralised management
Disadvantages of a company
Disadvantages of a partnership
Disadvantages of a sole trader
Disadvantages of centralised management
Discretionary income
Disdvantage of a subsidy
Distinguishing between price & cost
Diversification
Division of Labour (DOL)
Economic Goods
Entrepreneur
Environmental goal
Equilibrium
Excess Demand
Excess Supply
External finance for a business
Factors of Production
Features of a demand schedule
Financial Industry
Financial Intermediaries
Firms Sector
Floor Price
Foreign Sector
Free Goods
Giffen good
Goals of a Firm
Goods
Government Sector
Government Tax Revenue
Hire Purchase
Horizontal Integration
Household Sector
Household-the two sector model
How to calculate the value of consumer spending
How to construct a demand schedule
How to derive market demand
How to derive market supply
How to illustrate a per unit sales tax
How to illustrate a per unit subsidy
How to illustrate a price change on a demand curve
How to illustrate a price change on a supply curve
Human Resources
Impact of a subsidy on consumers
Impact of a subsidy on producers
Impact of an indirect tax on consumers
Impact of an indirect tax on producers
Improving productivity
Improving productivity-Division of labour
Improving productivity-Specialisation
Increase in quantity demanded
Increase in quantity supplied
Indirect Tax
Individual demand
Inferior Goods
Injections
Interdependence
Interdependence-the two sector model
Interest
Interest-reward for capital resources
Internal finance for a business
Investment-the two sector model
Labour Intensive
Law of Demand
Law of Supply
Leakages
Limited Liability
Limited Means
Loss leader
Luxuries
Market Demand
Market Supply
Marketing Industry
Maximum Price Control
Merger
Minimum Price Control
Money flows-two sector model
Movements along a Demand Curve
Movements along a Supply Curve
Natural Resources
Necessities
Non-Price Competition
Non-Renewable Resources
Opportunity Cost
Organisational Chart for a Firm
Partnerships
Price Competition
Price per unit a firm receives with a sales tax
Price per unit a firm receives with a subsidy
Price Wars
Primary Sector
Principles of delegation
Producer
Producer-the two sector model
Product Differentiation
Production
Productivity
Profit
Profit-reward for entrepreneurship
Real flows-two sector model
Reasons for a maximum price
Reasons for a minimum price
Related Goods
Renewable Resources
Rent
Rent-reward for natural resources
Resources
Retained Profits
Satisficing
Savings-the two sector model
Scarcity
Secondary Sector
Service
Shifts of the Demand Curve
Shifts of the Supply Curve
Shortage
Social goal of a business
Sole Trader
Specialisation
Strategies that a firm can use to increase its market share or increase sales
Subsidy
Substitutes
Supply
Supply schedule
Surplus
Takeover
Tertiary Sector
The basic economic problem
The real cost of a decision
Trade Credit
Transport Industry
Unlimited Liability
Vertical Integration
Wages
Wages-reward for human resources
Wants
Where will a market clear
Why can individuals not have everything they want
Why is demand limited and wants unlimited
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