Income terms
Business Cycle
Two-way relationship
Better Biz terms
Abbreviations
100

annual income

salary

100

the bottom of an economic wave

trough

100

imports

exports

100

stuff

products/goods/services

100

p.a.

per annum

200

income from loans

interest

200

economic activity declines

contraction

200

labour

wages/salaries

200

so

which means, therefore


200

HR

Human Resources

300

income for a business

sales/fees

300

The label on the x-axis

time

300

council spending

council rates

300

but

however, although, yet

300

CFO

Chief Financial Officer

400

income for a retired person

pension

400

Is NZ currently in a recession? Why?

No because inflation has been decreasing, economic activity is improving

400

Reserve Bank

Government loan/borrowing

400

supplies

materials/ingredients

400

CPU

Cost per unit
500

income from shares

dividends

500

a 2 year period of economic slump

a depression

500

Business Sales

Consumer/Customer purchases

500

money

sales revenue, fees income, loan, investment

500

ROI

Return on Investment