IGCSE Business Studies Key Terms 24

the price increase of goods and services over time

the value of all goods and services produced by a country in a year

the cost to a person or business of borrowing money from a lender such as a bank

difference between the value of export & import of goods and services of a country over a year

proportion/percentage of the population that are capable of working but unable to find a job

the amount of income left for individuals after tax has been paid

a charge/fee paid to the government on income, goods and services

tax charged on the price of goods & services, it is added to the price before they are bought

the tax charged on personal income or tax on the profit made by a business