Employability Skills
positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career
what is Employability
businesses which develop products for distribution from raw goods
what are Producers
theories, principles and models which deal with the production, distribution and consumption of goods and services
what are Economics
Highest point in a business cycle
what is peak
specific style of behavior in the workplace
what is Professionalism
materials derived from natural resources
what are Raw Goods
goods and services necessary to survival
what are Human Necessities
stage in the business cycle where activity is bottoming
what is trough
transferring information from one place to another, whether it is vocally, written, visually or non-verbally
what is Effective Communication
businesses which change raw goods into a more finished form, known as processed goods
what are Processors
goods and services desired but not necessary for survival
what are Human Wants
what is expansion
values or standards which direct the way individuals interact with others
what are
businesses which change raw or processed goods into finished goods
what are Manufacturers
economic problem of having unlimited human wants and necessities in a world of limited resources
what is Scarcity
A decrease in gross domestic product
what is contraction
being able to evaluate arguments and information quickly, solve problems creatively and identify mistakes with efficiency
what is Critical Thinking
businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
what are Intermediaries
materials used in producing goods or providing services; known as factors of production
what are Resources
another word for expansion
what is recovery