IGCSE Economics Glossary Terms - C

Includes all man-made resources

• Capital

• Commercial

• Competition

• Conglomerate

A record of the money flowing into and out of a country from investments, savings and foreign currency transactions to stabilise the exchange rate

• Capital account

• Financial account

• Commercial account

• Consumer account

Equipment and machinery purchased and used by firms for the purpose of increasing production of goods and services

• Competitive goods

• Corporate goods

• Capital goods

• Consumer goods

Where a high level of investment is required, such as in machinery, equipment, vehicles, etc. compared to the other factors of production

• Labour intensive production

• Capital intensive production

• Consumer intensive production

• Machinery intensive production

__________ bank - responsible to its government for controlling the country's money supply as the issuer of notes and coins and the level of reserves a commercial bank must hold. It also sets the rate of interest.

All other things remaining the same

• Ceteris paribus

• Ceteris puritan

• Centenery paribus

• Complementary paribus

A measure of unemployment that is calculated by counting all individuals who receive an unemployment benefit as being unemployed

• Customer count

• Competition count

• Claimant count

• Consumer count

_ _ _ _ _ _ _ _ _ _ bargaining - a process of negotiation over pay and conditions between a trade union, representing a group of workers, and employers

Financial institution in which individuals and firms can save their money and also obtain loans

• Commercial bank

• Central bank

• Customer bank

• Financial bank

A situation in which a country is able to produce a particular good or service at a lower opportunity cost (giving up fewer resources) relative to other countries

• Competitive advantage

• Comparative advantage

• Country advantage

• Consumer advantage