A
What is the economy?
The way that people earn and spend money on goods and services.
What are the obligatory payments that individuals and companies make to the government?
Taxes
Shares
What is a salary?
A regular payment made by an employer to an employee.
Can economies be local, national, and international?
Yes
What is a Chamber of Commerce?
An organisation of people who own businesses in a particular town or city.
If prices are high, does that mean that there is more demand or supply?
Demand
If prices are low, does that mean that there is more demand or supply?
Supply
What does NGO stand for?
Non-Governmental Organisation
According to the website, who does the Chamber of Commerce help?
Local businesses
In what market do workers compete for jobs and companies compete for workers?
The job market
What is the market called where individuals and companies borrow money from banks (and other financial institutions?)
The credit market
What are two things that companies and governments obtain long-term financing for?
Expansion and economic growth
The credit market
3 (or 5)
Give five examples of goods and services that taxes are used for.
E.g. roads, healthcare, education, rubbish collection, and parks.
A small piece of a company bought and sold on the stock market.
What is the two-letter phrase for the cost of borrowing?
Interest rate
What market allows money to be moved around?
The financial market
According to the Chamber of Commerce website, what is the most important element of a business?
The people working in it
What article of the Spanish Constitution is about workers' rights?
Article 35
Give eight examples of areas that are covered by workers' rights.
E.g. training and promotions, a maximum number of working hours, privacy, fair play, paid holidays, maternity and paternity leave, sick pay, and non-discrimination
Supply and demand
According to the Chamber of Commerce website, where can businesses sell their goods and services?
At home and abroad
Name three areas where gender discrimination could be a problem in employment.
E.g. selection, salaries, training and promotion opportunities, physical and mental health awareness, time management, and work-life balance strategies.