Being able to communicate and/or conduct business using the internet.

Freelance working using the Internet to sell services or goods anywhere in the world.

An arrangement in which an extra future conditional payment is made to the seller of a business in addition to the original price, based upon certain criteria being met.

Money paid in good faith as a deposit, usually for a property, to show that the buyer is serious about doing business with the vendor.

A theory that beyond satisfaction of basic needs, increasing wealth of a country does not produce increasing happiness, suggested by US professor of economics Richard Easterlin based on his research published in 1974.

A policy which enables the public to borrow money easily, at low interest rates, in order to expand the economy by investing the money in business activities.

Using mathematics and statistics to study the economy.

An increase in a region’s or nation’s production of goods and services.

The period of time during which an asset, e.g. property, vehicle, machinery, etc., is expected to be usable, including repairs and maintenance, before a replacement is required.

Also known as a Common Market. An agreement between a group of countries which allows the free flow of goods, services, labour, etc., between the member countries and usually has a common currency.