A-E
A person who records financial information in accounts
Accountant
Goods and Services sold to other countries
Exports
As the price of a good or service increases, the quantity demanded will decrease and vice versa
Law of Demand
A market in which there are many sellers of an identical product
Perfect Competition
A risk that an insurance company will not cover because the likelihood of it taking place is too high
A market in which goods and services are sold and bought illegally
Black Market
An organisation that offers money related services
Financial Service Provider
A market in which one organisation controls the supply of a good or service with no competition.
Monopoly
The sale of the same product at different prices to different consumers
Price Discrimination
A tax on employees gross income, introduced by the government in 2011
USC
A measure of how the activities of an individual, organisation or country affect the environment based on their CO2 emissions.
Carbon Footprint
The total market value of the goods and services produced within a country in one year.
GDP
A document showing the government's planned income and expenditure for the next year
National Budget
A long term business finance option that uses existing profits by reinvesting them in the business
Retained Earnings
The Trade of Goods (e.g. electronics, food and vehicles)
Visible Goods
The amount of money the government allocates for paying off national debt
Debt servicing
The insurance contract between the insurer and the insured
Insurance Policy
Accounts that record a business's revenues, expenses, gains and losses
Nominal Accounts
Non-Physical Items that satisfy a need or want
Services
A co-operative whose members are the people who work in the business
Worker co-operative
A ban on the trade of certain goods
Embargo
A payment made by the government to people who are unemployed and looking for work.
Jobseekers Benefit
An economy in which goods and services are freely traded with other economies
Open Economy
Knowledge put to practical use to make a task easier to perform
Technology
The money available for the daily running of a business
Working Capital