Gearing |
A measure of how much capital in a business is provided by lenders. |
General Union |
A type of trade union representing workers from an industry rather than those with specific skills. |
Globalisation |
The idea that countries are becoming more and more alike because of the growth of powerful businesses. |
Goods |
Objects which satisfies a human want e.g. DVD player. |
Go-Slow |
A type of industrial action where workers continue to work, but at the slowest rate that their contract allows. |
Government |
The elected body in control of the country. It sets many different objectives and will make many decisions which affect how businesses operate. |
Grant |
A subsidy of a business activity usually provided by a charity or the government. |
Gross Domestic Product (GDP) |
The total value of a country's output in one year. |
Gross Pay |
The amount of money per week/month a worker earns, before tax and other expenses are taken out. |
Gross Profit |
It is the total profit made before considering the overheads of a firm. It is the difference between Sales and Cost of Sales. |