Edexcel AS Business and Economics- Unit 2B

Adding Value

Aggregate demand

Aggregate demand Curve

Aggregate supply curve

Bank rate

Bankruptcy

Barriers to entry

Boom

Brand loyalty

Bulk buying economies

Capital goods

Capital Intensive

Cell production

Chain of command

Choice

Competitive advantage

Complementary goods

Consumer sovereignty

Consumer price index (CPI)

Contingency planning

Corporate social responsibility

Cost differential

Cyclical unemployment

Decentralisation

Delayering

Delegating

Demand curve

Depreciation

Differentiate

Diseconomies of scale

Diversification

Economic cycle

Economies of scale

Effective demand

Entrepreneur

Equilibrium price

Exchange Rates

External economies

Financial economies

Free market economy

Frictional unemployment

Gross domestic product (GDP)

Hedging

Hierarchical structure

Homogenous products

Human capital

Imperfect competition

Incentive

Income

Inferior goods

Informative advertising

Inflation

Internal economies

Interest Rates

Kaizen

Kanban

Knowledge economy