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The economic climate on businesses key terms
Study The economic climate on businesses with curriculum-aligned Key Terms resources, practice links, and exam-focused support.
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key terms
Resource type
Topic
The economic climate on businesses
AqaGcseBusinessInfluences on business
Key terms
Interest rate
The percentage charged by a lender on the amount borrowed, expressed annually; it determines the cost of borrowing.
Interest rate
The percentage charged by a lender on the amount borrowed, influencing borrowing costs and spending.
Employment
The state of having paid work, typically measured by the number of people employed in an economy.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good changes in response to a change in consumer income.
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