a graph that shows the relationship between the price of goods and services and the quantity of those good and services that consumers will purchase at that pri
explain economic system
the way that a country uses its factors of production to produce and distribute goods and services
whats a cash flow statement
a plan showing all the expected cash receipts and cash payments over a period of time
what is a budget
a plan of your expected income and expected expenditure for a particulr period
whats the name of chapter 12
household budget
whats irregular income
income received now and again such as overtime
what is budgeting
the process of matching your expected income with your expected expenditure for a particular period
whats trial balance
a list of balances brought down from all the ledger accounts and analysed cash book
what does COD stand for
cash on delivery
definition of enterprising
people who show initiative by taken on a new and possibly risky task or who come up with new and better ways of doing something
whats the name of someone who investivates complaints from people who feel they have been treate unfairly
ombudsman
visible trade
the import and export of physical goods
whats regular income
income received every week or every month, such as wages
what is security when talking about loans
anything of value that a lender will accept in exchange for a loan
define investing
using our money to earn a greater return than is possibe from an ordinary savings acccount
import substitution
the purchase of irish made goods in place of foreign imports
what is s responsibility
something we are required to do
what does CWO mean
cash with order
define insurance
a written promise by an insurance company to pay money to a person who has suffered a loss or injury
define tax
a compulsory payment made by households , consumers and businesses to the stae to help meet the expenses of running the counrty
what is a right
somethig we are entitled to to
what was our first year teachers middle name
david
explain target market
the people you are trying to target to get to buy your good/ service
what does AER mean
Annual equivalent rate
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