Business Chapter 3

the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

• Economy

• Standard of living

• GDP

• GDP per capita

measures a country's economic output per person

• Economy

• Standard of living

• GDP

• GDP per capita

the degree of wealth and material comfort available to a person or community.

• Economy

• Standard of living

• GDP

• GDP per capita

the standard of health, comfort, and happiness experienced by an individual or group.

• Quality of life

• Expenses

• Profit

• Revenue

a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

• Quality of life

• Expenses

• Profit

• Revenue

the cost incurred in or required for something.

• Quality of life

• Expenses

• Profit

• Revenue

income, especially when of an organization and of a substantial nature.

• Quality of life

• Expenses

• Profit

• Revenue

money received, especially on a regular basis, for work or through investments.

• Income

• Unemployment

• Employability skills

• Labour movement

when a person who is actively seeking a job is unable to find work.d, especially on a regular basis, for work or through investments.

• Income

• Unemployment

• Employability skills

• Labour movement

the transferable skills needed by an individual to make them 'employable'

• Income

• Unemployment

• Employability skills

• Labour movement