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WorksheetsIGCSE Economics Glossary Terms - C
Total questions: 35
Worksheet time: 18mins
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
(a) 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
(a)
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
_ _ _ _ _ _ _ _ _ _ _ - where different firms are trying to sell a similar product to a customer
(a)
Where a large number of firms compete with each other to satisfy the wants and needs of a large number of consumers
Competitive market
Complementary market
Comparative market
Commercial market
A good that is consumed with another good
Complementary good
Contractionary good
Comparative good
Commercial good
Factors other than the price of the good or service that lead to a change in position of the demand curve
Conditions of supply
Conditions of demand
Competitive demand
Competitive supply
Factors other than the price of the good or service that lead to a change in position of the supply curve
Conditions of supply
Conditions of demand
Contractionary supply
Complementary demand
Two firms with unrelated business activities join together
Consumer merger
Commercial merger
Conglomerate merger
Current merger
The extent to which consumers feel optimistic about the future: if consumer confidence is high, consumers are likely to spend more and save less
Customer confidence
Buyer confidence
Consumer confidence
Seller confidence
_ _ _ _ _ _ _ _ goods - final good and services purchased and used by consumers
(a)
A measure of the changes in the prices of a selection of goods and services normally purchased by a typical (ordinary) household
Customer Price Index
Commercial Price Index
Consumer Price Index
Corporation Price Index
_ _ _ _ _ _ _ _ sovereignty - the power of consumers over how the market allocates resources through determining what is produced and for whom
(a)
The purchase of goods and services by households
Consumer spending
Consumption
Contraction
Competition
_ _ _ _ _ _ _ _ _ _ _ in demand - a decrease in quantity demanded as a result of a rise in price
(a)
A decrease in the quantity supplied in response to a decrease in price
Contraction in supply
Contraction in demand
Conglomerate supply
Competitive demand
Contractionary _ _ _ _ _ _ _ _ policy - the decrease in the money supply by the government, leading to a fall in aggregate demand
(a)
A tax levied on a firm's profits
Consumer tax
Corporation tax
Competition tax
Customer tax
The dishonest behaviour of people in power for their own personal gain
(a)
The day to day living expenses incurred by an individual
Cost of learning
Cost of living
Cost of goods
Cost of life
An increase in the general price level in an economy due to an increase in firms's production costs
Cost-push inflation
Cost-pull inflation
Push-cost inflation
Push-pull inflation
The lender of money is a
(a)
A component of a country's balance of payments in which inflows and outflows of money from international trade and income flows are recorded
Past account
Current account
Historical account
Country account
The Current account _ _ _ _ _ _ _ is the money flowing OUT of the country from trade in goods, trade in services, and primary and secondary income is greater than the money flowing in.
(a)
The Current account _ _ _ _ _ _ _ is the money flowing INTO the country from trade in goods, trade in services, and primary and secondary income is greater than the money flowing out.
(a)
A sum of money that is voluntarily given to another individual, business or government for which nothing of economic value is received in return.
Bank transfer
Friendly transfer
Current transfer
Creditor transfer
A transfer of income, usually provided by the government to an individual or firm. The payment of unemployment benefits and subsidies to producers are examples of this.
Current payment
Creditor payment
Tax payment
Transfer payment
Unemployment that exists due to falling aggregate demand, which occurs when an economy enters a recessionary period in its economic cycle
Cyclical unemployment
Contractionary unemployment
Demand-deficient unemployment
Declining unemployment
