Political and Economic Environment (AQA A-Level Business): Flashcards

A planned course of action designed to bring about change

The creation and running of businesses

Govt initiative offering tax incentives to invest in small biz

Reduces National Insurance bill by £2,000 annually

Sectors where competition is impractical or difficult

Sets limits on what water companies can charge customers

Physical things like transport networks, pipes & wires

Gives greenhouse gas emissions allowances to businesses

Keeps resources in use for as long as possible

Import taxes that discourage international trade