Export promotion is the incentives and subsidies the state offers to industrialists to encourage...
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Grade 12
Type: Study Card
Type: Glossary
the impact or spill-over effect that results from an economic activity for the people not...
Type: Glossary
predicting the future path of a variable such as the business cycle on the basis of how it has...
Type: Glossary
cost of production excluding taxes on production and including subsidies (GDP at basic prices -...
Type: Glossary
markets where the factors of production are sold to the producers in the enterprises.
Type: Glossary
the resources that are used to produce goods and services in the economy
Type: Glossary
money that is legal tender but it is not backed by reserves such as gold and has no value of its...
Type: Glossary
spending by householders and government on final goods and services.
Type: Glossary
the total value of all the money spent by the consumers in the households on final goods and...
Type: Glossary
those goods that are ready to be sold to the final consumer who is the end-user.