a form of centrally planned economy where all the resources are owned by the people collectively...
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Type: Glossary
a function of local government to allow people to be consulted and informed on local government...
Type: Glossary
in trade when the ability to produce the two goods in an efficient way differs between the two...
Type: Glossary
law to ensure that fair competition exists between businesses to protect the consumer.
Type: Glossary
the ability of a firm or nation to produce goods and services of an acceptable quality and at...
Type: Glossary
goods that are used with another good; an increase in the price of one product will result in a...
Type: Glossary
preserving or protecting plants and animals in a safe or entire state.
Type: Glossary
the situation that exists when the last rand that is spent on one product gives the same...
Type: Glossary
a series of figures that show the rate at which prices are changing over a number of months or...