Business Terms

1. The duty levied on imports by a government.
3. A clause in a collective agreement protecting workers' jobs to some degree.
7. Is a company’s ability to raise cash when they need it.
10. the action or process of keeping financial accounts.
13. An economic system with little to no barriers to free market activity.
15. The act of taking over a company and its assets by a national government, sometimes without compensation.
18. Currency market term for a billion units of a currency.
19. An amount measured in relation to another amount.
20. The lowest wage an employer may pay to a worker.
21. The generic term used to describe an intermediary between two parties, generally a buyer and a seller.
22. Represents the ownership of a company.

2. Costs that a company incurs in making goods regardless of how much it is producing.
4. Is any homogenous item which may be freely bought and sold.
5. A fall in the general level of prices - the opposite of inflation.
6. Rapid, excessive and out of control general price increases in an economy.
8. When the government wishes to borrow money, it issues loan stock. This is a very safe form of investment since the government guarantees the loan.
9. Usually used to explain consumer demand in response to changes in prices.
11. In simple terms, profits, or earnings, are the excess of revenues over all costs.
12. The issue of new debt to replace old.
14. Making products available for sale and promoting them.
16. Money one earns by working or capitalising, capitalising off other people's work.
17. Something that identifies the products or services of a specific business.