11EC chapter 24 keywords

Last updated about 1 year ago
1 question
1

Match the terms

Draggable itemCorresponding Item
Fines
Amount of money paid to the government from income/profit
Subsidies
Money that is paid by the government to make prices lower, reduce the costs of producing goods or providing a service to encourage production of a certain good
Anti-competitive
practices
This is a payment that a business must make for breaking the government rules and regulations
Taxation
This is set by the government and must be adhered to otherwise a fine will be given
Monopoly power
One firms dominates the market
National minimum
wage
Or restrictive trade practices attepts by firms to prevent or restrict competition
Regulation
Minimum amount per hour which most workers are legally entitled to
Subsidiaries
Companies that are at least half-owned by another company