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Business - Economy
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informal term used for when a company or even an economy goes bankrupt. E.g. "The company went ...... last year."
Bust
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refers to when profits are made. The employees can take some of that money
Surplus
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system of currency in use in a general country, e.g., “the euro is a strong ...........”.
Currency
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The value of one currency with the purpose of converting to another.
Exchange Rate
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Sometimes referred to as a tax year. Refers to a period of 12 months or 52 consecutive weeks, which financial reports are then prepared.
Tax year
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tax levied by governments on the total income earned by companies and individuals.
Income Tax
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pay as you earn tax. A tax which is deducted before you receive your wage or salary.
PAYE
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Refers to the lack of growth, movement, or development.
Stagnation
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economic boom refers to increased activity in a sector, industry, or particular market. Can also be referred to as “growth period or upturn”.
Boom
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refers to when no profit is made, and the expenditure is more than the income.
Deficit
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