Definitions Flashcards
1
Q
Corporate Taxes
A
Taxes paid by companies
2
Q
Exploitation
A
The act of taking advantage of a situation for personal gain
3
Q
Privatised
A
To change from being government owned to being privately owned
4
Q
Recession
A
A downturn in economy that follows two or more quarters of negative growth; usually less severe than a depressioon
5
Q
Resources
A
What goods and services are produced from, such as raw materials, labour and machinery
6
Q
Sustainable Industries
A
Industries than can be conducted in a way that minimises long term damage to the environment and ensures natural resources will continue to be available for future generations.
