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WorksheetsIGCSE Economics Glossary Terms - E
Total questions: 28
Worksheet time: 16mins
The total amount received including additional payments.
Earnings
Wages
Investments
Money
Changes in the real GDP of an economy over time through periods of boom, recession, slump and recovery.
Economic cycle
Business cycle
Trade cycle
Currency cycle
An improvement in the living standards and quality of life of the population of a country as it transitions from being reliant on the primary sector for employment and output towards the secondary and tertiary sectors.
Export development
Economic growth rate
Economic development
Enterprise development
Goods which are scarce relative to the demand for them.
Economic goods
Enterprise goods
Excess goods
Scarce goods
The change in the value of the goods and services produced within a country over time.
Enterprise growth
Economic growth
Employment growth
Expansionary growth
The percentage increase in the value of goods and services produced in an economy over time (usually a year).
Enterprise growth rate
External growth rate
Economic growth rate
Efficiency growth rate
Land, labour, capital and enterprise.
Enterprise resources
Efficient resources
Export resources
Economic resources
Where an increase in the level of production results in a fall in the average costs of production.
External economies
Expansionary economies
Economies of scale
Diseconomies of scale
Consumers' desire to buy a good, backed up by the ability to pay.
Effective demand
Efficient demand
Economic demand
Export demand
How effective the firm is in using factors of production to generate its output
Effectiveness
Efficiency
Excess
Expansionary
_ _ _ _ _ _ _ - a complete ban on the import of a certain product or all products from a particular country
(a)
The movement of people out of a country to reside permanently elsewhere.
Immigration
Emigration
Moving out
Export
The state of having paid work.
Economy
Export
Employment
Earnings
Brings all the other factors together to produce a good or service.
Land
Labour
Capital
Enterprise
_ _ _ _ _ opportunities - the policies and and practices in employment that prevent discrimination against someone on the grounds of race, age, gender, religion, disability or any other individual or group characteristic unrelated to ability, performance and qualification.
(a)
The price at which the quantity that buyers want to buy is equal to the quantity that sellers are prepared to sell.
Equilibrium price
Economic price
Equal price
Expansion price
Demand is greater than supply at a given price.
Excess Demand
Surplus
Shortage
Excess Supply
Supply is greater than demand at a given price.
Excess Demand
Surplus
Excess Supply
Shortage
A tax levied on goods that are manufactured in a country.
Excise duty
Tax duty
Exercise duty
Export duty
An increase in government spending and/ or a reduction in income tax rates in order to increase aggregate demand in the economy.
Expansionary monetary policy
Contractionary fiscal policy
Expansionary fiscal policy
Contractionary monetary policy
The increase in the money supply by the government, leading to a rise in aggregate demand.
Expansionary monetary policy
Expansionary fiscal policy
Contractionary monetary policy
Contractionary fiscal policy
A financial grant given to exporters by the government that does not need to be repaid.
Export tax
Export duty
Export subsidy
Export benefit
Locally-made goods and services sold abroad.
(a)
An increase in quantity demanded as a result of a fall in price.
Extension in supply
Expansion of quantity
Equal demand
Extension in demand
An increase in the quantity supplied in response to an increase in price.
Extension in supply
External supply
Export supply
Economic supply
The benefits to a third party from the production or consumption of a good.
Export benefits
External benefits
Expansion benefits
Employment benefits
The costs to a third party from the production or consumption of a good.
External costs
Export costs
Economic costs
Enterprise costs
Arise from factors outside the control of a firm and fall on all firms in the industry regardless of size.
Export economies
Excess economies
External economies
Efficient economies
