others Flashcards
fiscal policy
The use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including demand for goods and services, employment, inflation, and economic growth.
monetary policy
Monetary policy is a set of tools that a nation’s central bank has to promote sustainable economic growth by controlling the overall supply of money that is available to the nation’s banks, its consumers, and its businesses.
inflation
Environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of consumers decreases
protectionist measures
Government policies that restrict international trade to help domestic industries. Protectionist policies are usually implemented with the goal to improve economic activity within a domestic economy.
interest rates
The amount a lender charges a borrower and is a percentage of the amount loaned. The interest rate on a loan is typically noted on an annual basis
deregulation
Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
franchise
A franchise is a type of license that grants a franchisee access to a franchisor’s business knowledge, processes, and trademarks, this allows the franchisee to sell a product or service under the franchisor’s business name. In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and royalty fees
ansoffs matrix
a tool used by firms to analyze and plan their strategies for growth. The matrix shows four strategies that can be used to help a firm grow and also analyzes the risk associated with each strategy.
pressure groups
groups which use various forms of advocacy in order to influence public opinion and ultimately policy. They play an important role in the development of political and social systems.
