2D Economic conditions Flashcards
1
Q
What are economic conditions
A
How stable and secure a country’s economy is
2
Q
What is interest rate
A
The price paid for money that has been borrowed.
3
Q
What is tax rate
A
The percentage of income that must be paid to the government
4
Q
What is business confidence
A
how confident a business owner is in the future economic conditions
5
Q
What is consumer confidence
A
A measure of willingness of consumers to spend their money.
