Economists of the future & British business book

The exercise was created 2020-11-10 by lovisapaalm. Question count: 14.

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  • Fiscal stimulus Increasing government consumption/transfers or lowering taxes (Expansiv finanspolitik)
  • Fiscal policy A government adjusts its spending levels and tax rates to monitor and influence a nation's economy
  • Monetary policy The government manages the money supply and interest rate to influence a nation's economy
  • Stagnant Period of little or no growth in an economy
  • Plentiful Existing in great quantities
  • Visible hand Company has total control of the process from raw materials to the final product
  • Invisible hand An unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically
  • Entrepreneurship Setting up a business, taking on financial risks in the hope of profit
  • Management Controlling things/people
  • Emerge Move out of or away from something
  • Industrial paternalism Businesses providing welfare-like services to employees
  • Sub-contracting Employ a firm/person outside one's company to work as part of a larger project
  • Manufacturing The making of articles on a large scale using machinery
  • Joint-stock company A business owned by people called shareholders. Each shareholder owns company stock in proportion to the number of their shares

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