Word and Meaning Chap 1 PDF
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Đại học Kinh tế, Đại học Đà Nẵng
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Summary
This document is a table that defines economic concepts such as interest rate, inflation rate, labor force, GDP, unemployment rate and balance of trade. These concepts are useful for understanding business vocabulary, terms, and economics.
Full Transcript
Words Meaning intererest rate cost of borrowing money price at which one currency can buy exchange rate another inflation rate general increase in prices all the people in a particular country...
Words Meaning intererest rate cost of borrowing money price at which one currency can buy exchange rate another inflation rate general increase in prices all the people in a particular country who are of the right age to work, or all the labour force people who work for a particular company tax incentives low taxes to encourage business jobs government bureaucracy official rules/ regulations/ paperwork GDP (gross domestic total value of goods and services produced product) in a country unemployment rate percentage of people without jobs foreign investment money from overseas difference in value between a country's balance of trade imports and exports an increase in the amount of goods and services produced per head of the economic growth population over a period of time estimate of how much money comes into the company from sales, and how much is cash flow forecast spent mission statement definition of why company exists target group the people you want to sell your product profit and loss account/ accounts which show income and income statement expenditure the money you expect to get back on the return on investment amount you invested
