Glossary Glossary 1.1 Nature of business activity Business- a decision making org. involved in the process of using inputs to produce goods and /or to provide services. Needs – basic necessities that a person must have in order to survive. Wants- desires that people have. Market- a place or process whereby customers and businesses meet.
Outline How and Why the Sectoral Balance of an Economy Might Change as It Develops Essay Preview: Outline How and Why the Sectoral Balance of an Economy Might Change as It Develops Report this essay When studying the pattern of sectoral change as a country develops, we look at the three main economic sectors. Namely.
Range of Different Businesses and Ownerships Task 1: Range of different businesses and ownershipsIn this task I, as a Business Adviser will be preparing a report describing the types of business, purpose and ownership of two contrasting businesses – one which is a private organisation and the other which is a public or voluntary organisation.
Economics for Business Updated Economics For BusinessWritten AssignmentA5/23/2015CONTENTSContents………………………………………………………..………………2Introduction……………………………………………………………………21. How is GDP measured in your home country? What is Gross Domestic Product?…………………………………………………………. Various methods in measuring GDP: Real life example: 42. Main restrictions on imports: 5 General Introduction of restrictions under The Customs Act, 1962 5 Common types of import restrictions: 6 Who benefits from the restrictions and who loses? 73. Case for.
