IGCSE Economics

1. A person or business that supplies goods and services to the market.
4. The rate at which the general price level of goods and services rises.
6. Government payments to producers to encourage production.
9. The quantity of a good or service consumers are willing to buy at a given price.
11. Rates The cost of borrowing or the reward for saving money.
13. Policy Actions taken by the central bank to control the money supply and interest rates.
14. Compulsory payments to the government that reduce disposable income.

2. A person who purchases goods and services for personal use.
3. The income a firm receives from selling goods or services.
5. Spending on capital goods to increase future production.
6. The quantity of a good or service producers are willing to sell at a given price.
7. Money set aside for future use rather than spent immediately.
8. Bank The institution responsible for managing a country’s money supply and interest rates.
10. Policy Government use of taxation and spending to influence the economy.
12. The point where demand and supply curves intersect.