| A | B |
|---|
| Excess capacity | Where business/industry is not using it's productive resources to thier full potential |
| Macro economics | Factors which effect the whole economy |
| Business cycle | Fluctuations in demand & output which slow a pattern of boom, recession, slump and recovery over a period of years, which effects the whole economy |
| Investment | Purchases of capital goods ( goods used in the production of other goods) |
| Deflation | Situation where prices are falling |
| Unemployment | Number of people out of work at a given point in time |
| Structural Employment | Unemployment caused by a change in the structure of the economy |
| Cyclical Employment | Unemployment resulting from the ups & downs which occur in most economies |
| Shareholders | Joint owners of a Ltd. co |
| Business Ethics | The influence of moral values of principles upon th conduct of operation of business |
