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.