Unit 3.5: The Wider World

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GCSE Business Studies (Unit 3) Karteikarten am Unit 3.5: The Wider World, erstellt von nk_ am 20/10/2013.
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Zusammenfassung der Ressource

Frage Antworten
Economist Some who studies economics and writes about economic policy.
Scarcity We have a limited availability of resources so cannot satisfy all of our needs and wants.
Quota An import quota limits the number of imports from the foreign countries to protect home producers.
Subsidy Paid by the government to home producers to help keep prices competitive compared to foreign imports.
Interest Rates The charge for borrowing money and the reward for saving.
Discrimination When one person/group of people is treated unfairly.
Risk Assessment A process of identifying potential risks and the steps that will be taken to minimize them.
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