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B

Basic Concepts-Central Ideas (demo)

Basic Concepts-Resources (FOP) (demo)

Business Growth

Business- Sectors of the Economy

Business-Communication

Business-Employee/employer relationships

Business-Finance

Business-Interdependence

Business-Stakeholders

Business-Sustainability & the business cycle

Business-Types of Ownership

C

Circular Flow Model- Basic ideas

Circular Flow Model-Full Model

Cost-Benefit Analysis (CBA)

D

Demand-Basics Concepts

Demand-Conditions/Shifts

Demand-Types of Goods & Services

M

Market Equilibrium-Basics

Market Equilibrium-Price/Output changes (Basics)

P

Price Competition & Non-Price Competition

Price Controls-Maximum Price (demo)

Price Controls-Minimum Price

Production & the Production Process

S

Sales Tax and the Market

Subsidy and the Market

Supply-Basics Concepts

Supply-Conditions/Shifts

Glossary of Terms

Each Glossary Term relates to a parent topic above.

A

Accounting Industry

Advantage of a subsidy

Advantages & disadvantages of batch production

Advantages & disadvantages of flow (mass) production

Advantages & disadvantages of job production

Advantages and disadvantages of verbal communication

Advantages and disadvantages of visual communication

Advantages and disadvantages of written communication

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

B

Backward vertical integration

Banks as a stakeholder

Barriers to communication

Batch production

Black market & a maximum price

Business cycle and business

Business Finance

Business Units

C

Calculations & a maximum price

Calculations & a minimum price

Capital expenditure

Capital Intensive

Capital Resources

Ceiling Price

Centralised Management

Ceteris Paribus

Choice

Co-operatives

Companies

Complements

Conspicuous consumption

Consumer

Consumer confidence and the impact on a business

Consumer Demand

Consumption spending-the two sector model

Cost Benefit Analysis-Worked Example

Cost to Government of a Subsidy

Costs of Production

Crowdfunding

D

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)

E

Economic Goods

Effective communication

Employee responsibilities (obligations)

Employee rights (entitlements)

Employer and employee relationships

Employer responsibilities (obligations)

Employer rights (entitlements)

Entrepreneur

Environmental sustainability

Equilibrium

Excess Demand

Excess Supply

External communication

External finance for a business

External stakeholders

F

Factors of Production

Features of a demand schedule

Financial Industry

Financial Intermediaries

Firms Sector

Floor Price

Flow (mass) production

Foreign Sector

Forward vertical integration

Free Goods

G

Giffen good

Goods

Government Sector

Government Tax Revenue

H

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

I

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 communication

Internal finance for a business

Internal stakeholders

Investment-the two sector model

J

Job production

L

Labour Intensive

Law of Demand

Law of Supply

Leakages

Leasing

Limited Liability

Limited Means

Long-term finance

Loss leader

Luxuries

M

Managers as a stakeholder

Market Demand

Market Supply

Marketing Industry

Maximum Price Control

Merger

Minimum Price Control

Money flows-two sector model

Mortgage

Motives for integration

Movements along a Demand Curve

Movements along a Supply Curve

N

Natural events and business

Natural Resources

Necessities

Negative consequence for a business in a boom

Negative consequence for a business in a recession

Non-Price Competition

Non-Renewable Resources

O

One-way communication

Opportunity Cost

Organisational Chart for a Firm

Overdraft

Owner as a stakeholder

P

Partnerships

Positive consequence for a business in a boom

Positive consequence for a business in a recession

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

Problems of a small firm

Producer

Producer-the two sector model

Product Differentiation

Production

Productivity

Profit

Profit-reward for entrepreneurship

R

Real flows-two sector model

Reasons for a maximum price

Reasons for a minimum price

Reasons for a small firm

Related Goods

Renewable Resources

Rent

Rent-reward for natural resources

Resources

Retained Profits

Revenue expenditure

Running down stock levels

S

Sale of an existing asset

Savings-the two sector model

Scarcity

Secondary Sector

Service

Shifts of the Demand Curve

Shifts of the Supply Curve

Short-term finance

Shortage

Size of a firm

Social (external) benefits-CBA

Social (external) costs-CBA

Sole Trader

Specialisation

Stakeholders

Starter (feed) capital

Strategies that a firm can use to increase its market share or increase sales

Subsidy

Substitutes

Supply

Supply schedule

Surplus

T

Takeover

Tertiary Sector

The basic economic problem

The community as a stakeholder

The customer as a stakeholder

The government as a stakeholder

The real cost of a decision

Trade Credit

Transport Industry

Two-way communication

U

Unlimited Liability

V

Verbal communication

Vertical Integration

Visual communication

W

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

Workers as a stakeholder

World events and business

Written communication

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