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WorksheetsIGCSE Economics Glossary Terms - B
Total questions: 18
Worksheet time: 9mins
A loan provided in order to prevent payment default
Bailout loan
Mortgage
Personal loan
Public loan
A record of the flows of money into and out of a country
Balance of accounts
Balance of payments
Balance of options
Balance of records
Revenue = Spending
Balanced revenue
Balanced spending
Balanced budget
Balanced money
Ways in which new firms are prevented from entering a particular industry
Barriers to exit
Preventionism
Protectionism
Barriers to entry
Restrictions imposed by a government that prevent the free trade of exports and imports between countries
Barriers to trade
Barriers to entry
Barriers to import
Barriers to export
The act of trading goods or services between two or more parties without the use of money
(a)
The interest rate that a central bank will charge to lend money to commercial banks and on which other financial organisations base their interest rates
Base rate
Bank rate
Central rate
Commercial rate
A year which is allocated a value of 100 index points against which other years are compared
First year
Base year
Hundred year
Index year
What is needed for survival, such as food, shelter, water and clothing
Basic pay
Basic options
Basic goods
Basic needs
The amount of money received before additional payments are added or any deductions, such as income tax are made
Basic pay
Basic money
Basic rate
Basic needs
A selection of goods and services normally purchased by a typical (ordinary) household which is used in the calculation of the consumer price index to measure inflation
Basket of goods
Basket of services
Basket of eggs
Basket of purchases
The number of live births for every 1000 people in a country in one year
Live rate
Birth rate
Death rate
People rate
An illegal market in which goods and services are traded without any government controls
(a)
A period of high and rising real GDP in the economy over time
(a)
Being lent money with the requirement to pay it back in agreed period of time, very often with interest
Lending
Borrowing
Loaning
Budgeting
Spending > revenue
Budget spending
Budget revenue
Budget deficit
Budget surplus
Revenue > spending
Budget surplus
Budget deficit
Budget revenue
Budget spending
The extent to which businesses feel optimistic about the future: if business confidence is high, producers are likely to invest more in capital equipment to expand output
Business optimism
Business confidence
Business positivity
Business good vibes
