Economics & Business vocab
Help!
|
|
||||
|---|---|---|---|---|---|
| show | Activity that involves making goods or providing services in exchange for money
🗑
|
||||
| Economics | show 🗑
|
||||
| show | A person who purchases goods and services for personal use
🗑
|
||||
| show | Estimating what will need to be paid (costs) and possible benefits that will arise from a business proposal
🗑
|
||||
| Interest | show 🗑
|
||||
| Investing | show 🗑
|
||||
| show | The place where buyers and sellers interact to exchange money for goods and services
🗑
|
||||
| show | The cost of the next best alternative use of resources
🗑
|
||||
| show | People or businesses who make and sell goods and services for a profit
🗑
|
||||
| Sole Trader | show 🗑
|
||||
| Franchise | show 🗑
|
||||
| Partnership | show 🗑
|
||||
| show | Businesses that are considered separate legal entities to their owners. Also known as corporations.
🗑
|
||||
| Cooperative | show 🗑
|
||||
| Asset | show 🗑
|
||||
| show | Money owed
🗑
|
||||
| show | The amount of money earned by a business after all costs and expenses have been paid.
🗑
|
||||
| Location | show 🗑
|
||||
| Target market | show 🗑
|
||||
| Demographics | show 🗑
|
||||
| Competition | show 🗑
|
||||
| Social Responsibility | show 🗑
|
||||
| show | States what rights and responsibilities consumers have.
🗑
|
||||
| show | (ACCC). Makes decisions and provides guidance on issues that affect markets across Australia.
🗑
|
||||
| Product Safety Recall | show 🗑
|
||||
| show | A business who hires workers or staff to produce goods and services for them
🗑
|
||||
| Employee | show 🗑
|
||||
| show | A business that produces a good and sells it to retail businesses. For example: Nike is a manufacturer of sportswear while Rebel Sport is a retail business that sells Nike and other brands' products to customers
🗑
|
||||
| show | When prices rise, the quantity demanded by consumers decreases and when prices fall, the quantity demanded increases
🗑
|
||||
| Law of Supply | show 🗑
|
||||
| show | a tangible (physical) item, commodity or material that is produced
🗑
|
||||
| show | Any intangible (non-physical) activity that fulfills a human want or need in return for money to those who provide it.
🗑
|
||||
| Allocation | show 🗑
|
||||
| show | the way participants in an economy (such as individuals, businesses and governments) rely on each other to provide or trade the goods and services they cannot produced themselves
🗑
|
||||
| Markets | show 🗑
|
||||
| Scarcity | show 🗑
|
||||
| Promotion | show 🗑
|
||||
| show | Where workers sell their skills, knowledge and effort to employers. In return for their labour, the employer will pay the workers a wage.
🗑
|
||||
| Housing Market | show 🗑
|
||||
| Stock Market | show 🗑
|
||||
| show | The largest market in the world, where different currencies from around the world are bought and sold.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
LaProf
Popular Economics sets