Introduction to Economics (Junior Cert Business Studies): Flashcards
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Practise the cards
15 cards from this deck
Mixed economy definition
Mixed economy definition
Individuals, orgs & gov't collaborate to allocate resources
3 main groups in mixed economy
3 main groups in mixed economy
Individuals, organisations, government
Taxes individuals pay
Taxes individuals pay
Income tax, VAT, other taxes for public services
Labour provided by individuals
Labour provided by individuals
Workforce for businesses & government services
Entrepreneurs' contribution
Entrepreneurs' contribution
Create businesses, jobs & innovative products/services
How organisations provide financing
How organisations provide financing
Fund equipment, machinery & capital items for production
How organisations create jobs
How organisations create jobs
Offer employment in exchange for wages
Organisations' tax contribution
Organisations' tax contribution
Pay taxes to fund public services
Gov't direct employment areas
Gov't direct employment areas
Education, healthcare, civil service
Gov't indirect employment method
Gov't indirect employment method
Attract foreign businesses to Ireland
Public services gov't funds
Public services gov't funds
Roads, schools, hospitals, transport
Grant aid purpose
Grant aid purpose
Help businesses buy equipment & machinery
Enterprise Ireland role
Enterprise Ireland role
Agency supporting business development
LEO full name
LEO full name
Local Enterprise Offices
SURE full name
SURE full name
Startup Refunds for Entrepreneurs