bus study term 4
banking industry
banks buildings and other buisnesses that offer financial products
capacity building
making local communities self sustaining
charity sector
charities and other nongovernmental organisations that run are not for profit
communist economy
a type of market economy in which government make decisions
corprate social responsibility
business self regulation that drives a company to act in an ethical manner
corporation tax
a tax that a buissness pays on profits
economic downturn
a period during which economic activity slows down
economic growth
an increase in the output of a country
free market economy
a type of market econmy in which private individuals make decisions, motivated by profit
full employment
when everyone in the country is willing and able to work in paid employment has a job
GDP
total value of all goods made and services provided by a country in a year
gross profit
profit before corporation tax is paid
inflation rate
the rate at whichprices are rising
mixed economy
a type of organisation that is not run for profit but not part of the government
payroll giving
making donations to a specific charity as deductions from a salary