An individual or group of people who have an interest in a business and what it does

An individual who has bought shares in the business

A business that is owned by one/a couple of people and is usually a family business. Only family and friends can buy shares of the business

Businesses that are owned by by a private individual (a member of the public)

Businesses that are owned and controlled by the government on behalf of its citizens. They are funded by the government usually through money raised through taxes

Businesses that are owned by shareholders and can be bought on the stock market

This is when a company that is owned by a private individual is put on the stock market for shareholders to buy.

This is when the government used to own businesses such as gas,water,electricity etc that were therefore in the public sector but were sold back to the private sector

Companies that are owned by the the government

Companies and people working to extract raw materials from the earth

Businesses that are owned by a more than one/ a group of individuals

Businesses that turn raw materials into finished, processed & probably packaged products

Companies and people who provide services either to the public or other businesses

Companies and people working to extract raw materials from the earth

The quantity of a product consumers are willing and able to purchase at any price level

The quantity that a supplier of a products is willing and able to supply at each level

If prices are low then supply is less as it is less profitable

If prices are high then supply is more likely as more profit will be made

As costs become higher there will be a rise in supply as the firm will want to make more money to cover them

As costs become cheaper, there will be a rise in supply as the firm will be able to produce more from its budget

An increase in taxes means an increase in the businesses costs so therefore a decrease in supply

An increase in taxes means an increase in the businesses costs so therefore a increase in supply

If the government give businesses a payment for every unit supplied then the business is likely to increase supply

If the government give businesses a payment for every unit supplied then the business is likely to decrease supply

it moves to the right

it moves to the left

Curve moves to the right

Curve moves to the left

The quantity that a supplier is willing and able to supply at each price

The quantity of a product consumers are willing and able to purchase at any price level

If price goes down then demand will decrease

If price goes up then demand will decrease

If substitute prices decrease then demand for your product will decrease

If substitute prices decrease then demand for your product will increase

If complimentary products prices increase then demand for your product decreases

I complimentary products prices increase then demand for your product will increase

If your income increases then demand will decrease

If your income increases then demand will increase

If the amount of promotion increases then demand will increase

If the amount of promotion decreases then demand will increase

If a product is in fashion then demand will decrease

If a product is in fashion then demand will increase

If a person has higher wealth then they're will be higher demand

If a person has higher wealth then they're will be lower demand

Where the quantity demanded of a product is greater than the quantity supplied at a given price

When the quantity supplied of a product is greater then the quantity demanded at a given price.

When the quantity supplied of a product is greater than the quantity demanded at a given price

When the quantity demanded of a product is greater than the quantity supplied at a given price

When demand is equal to supply

When demand and supply are not equal