Boom Keywords Flashcards
1
Q
Hire Purchase
A
Buying goods on loan or finance
2
Q
Cycle of Prosperity
A
Demand leads to Growth, then growth leads to demand
3
Q
Economic Boom
A
The economy grows quickly
4
Q
Taylorism
A
Industrialism, named after the father of the moving production line: Fredrick Taylor
5
Q
Import Tariffs
A
Taxes imposed upon imported foreign goods
6
Q
Laissez Faire
A
Government leaves the economy alone, allowing private business men to have more control
7
Q
Normalcy
A
Staying out of world economic problems
