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Basic Concepts-Resources (FOP) (demo)
Basic Concepts-Scarcity, choice and opportunity cost (demo)
Business Growth
Business-Communication
Business-Employee/employer relationships
Business-Finance
Business-Interdependence
Business-Sectors of the Economy
Business-Stakeholders
Business-Sustainability & the business cycle
Business-Types of Ownership
Circular Flow Model- Basic ideas
Circular Flow Model-Full Model
Cost-Benefit Analysis (CBA)
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 & 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 credit card
Advantages of a loan
Advantages of a maximum price
Advantages of a partnership
Advantages of a sole trader
Advantages of an overdraft
Advantages of leasing
Advantages of price competition/non price competition
Backward vertical integration
Banks as a stakeholder
Barriers to communication
Batch production
Black market & a maximum price
Business cycle and business
Business Finance
Business plan
Business Units
Calculations & a maximum price
Calculations & a minimum price
Capital expenditure
Capital Intensive
Capital Resources
Carbon footprint
Ceiling Price
Ceteris Paribus
Choice
Co-operatives
Companies
Complements
Conflict in the workplace
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
Credit card-business finance
Crowdfunding
Debentures
Decrease in quantity demanded
Decrease in quantity supplied
Demand
Demand schedule
Derived demand
Determinants of Demand
Determinants of Supply
Disadvantages of a company
Disadvantages of a credit card
Disadvantages of a loan
Disadvantages of a partnership
Disadvantages of a sole trader
Disadvantages of an overdraft
Disadvantages of leasing
Discretionary income
Disdvantage of a subsidy
Distinguishing between price & cost
Diversification
Division of Labour (DOL)
Eco-friendly
Economic Goods
Effective communication
Effective employer/employee relationships
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
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
Giffen good
Goods
Government Sector
Government Tax Revenue
Greenhouse gases
Hire Purchase and business finance
Hiring staff
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 communication
Internal finance for a business
Internal stakeholders
Investment-the two sector model
Job production
Labour Intensive
Law of Demand
Law of Supply
Leakages
Leasing
Limited Liability
Limited Means
Long-term finance
Loss leader
Luxuries
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
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
One-way communication
Opportunity Cost
Overdraft
Owner as a stakeholder
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
Problems of a small firm
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
Reasons for a small firm
Reasons why funds are required by a business
Recruitment of workers
Related Goods
Renewable Resources
Rent
Rent-reward for natural resources
Resources
Retained Profits
Revenue expenditure
Running down stock levels
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
Staff recruitment
Stakeholders
Starter (seed) capital
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 community as a stakeholder
The customer as a stakeholder
The government as a stakeholder
The real cost of a decision
The recruitment process
Trade Credit
Transport Industry
Two-way communication
Unlimited Liability
Values conflict and compromises
Values influence decisions made
Values people hold
Verbal communication
Vertical Integration
Visual communication
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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