TEST 5 Markets and production

Find the right word to the following definition:

The amount of something produced by a person, machine, or industry
interest
output
credit

An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities
share
deal
franchise

A person who buys and sells goods
dealer
buyer
seller

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something:
profit
margin
share

A compulsory contribution to state revenue, levied by the government on workers' income and business profits
income
debt
tax
TEST 6

Prices

Find the right word to the following definition:

A small piece of paper, fabric, plastic, or similar material attached to an object and giving information about it
label
brand
slogan

The amount of money expected, required, or given in payment for something
pint
price
sheet

Materials used to wrap or protect goods
packaging
label
fabric

The act, state, or right of possessing something
fee
owner
ownership

The money paid for a journey on public transport
fee
fare
charge
TEST 7

Market, command and mixed economies

Find the right word to the following definition:

A person judged by a court to be insolvent, whose property is taken and disposed of for the benefit of their creditors
broker
bankrupt
banker

The economy allocating products and resources through the market without any government control
command economy
mixed economy
market economy

A calculation or estimate of future events, especially coming weather or a financial trend
forecast
progress
lack

The state of being without or not having enough of something
will
lack
debt

A deduction from the usual cost of something
credit
lack
discount
TEST 8

Location of production

Find the right word to the following definition:

A particular place or position
location
production
relation

A legal agreement by which a bank lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt
credit
mortgage
tax

A formal public statement about a fact, occurrence, or intention
entertainment
announcement
development

The basic material from which a product is made
raw materials
labour
production

The action of making or manufacturing from components or raw materials
goods
products
production
TEST 9

Companies

Find the right word to the following definition:

A thing that is borrowed, especially a sum of money that is expected to be paid back with interest
tax
income
loan

Some money in coins or notes, as distinct from cheques, money orders, or credit…
cash
net profit
amount

The actual profit after working expenses not included in the calculation of gross profit have been paid
profit
pre-tax profit
net profit

The costs incurred in the performance of one's job or a specific task
expenses
access
revenues

The right or opportunity to use or benefit from something
advance
access
benefit
TEST 10

The division of labour

Find the right word to the following definition:

A sum of money paid into a bank or building society account
credit
deposit
cash

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products
manufacture
technology
agriculture

The ability to do something well
skill
work
training

The way a thing turns out; a consequence
income
outcome
division of labour

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency
manufacture
labour
division of labour

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