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BEC Higher Vocabulary

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    Bec Higher vocabulary
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  • middlemen
    Intermediaries, e.g. wholesalers, between the producer and the retailer.
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  • mixed economy
    If a nation has some state-run business sectors and others which are private.
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  • monetary policy
    A government can regulate the supply of money and thus stimulate growth or curb spending.
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  • accounts payable
    Money which a company owes to its creditors such as its suppliers.
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