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Business & Economy

TermDefinition
Name the THREE types of Economies Open, Mixed, Controlled
What is an Controlled Economy? Government owns all factors of production
Name characteristics of a good economy High Profits, Low Unemployment, Growing business, Budget Surplus, Balance of Payments is a Surplus
Name 4 Economic Variables Interest Rates, Inflation, Taxation, Employment & Unemployment, Exchange Rates, Subsidies & Grants
Inflation is measured by? Consumer Price Index
Who decides interest rates? ECB
Name 3 Taxes USC, PAYE, PRSI, Corporation Tax
Created by: MRGDOYLEBUSINESS
Popular Business sets

 

 



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