Society, General Knowledge for Vocational Schools (ABU), Vocabulary

manufacturer of consumer goods (company)

the part of a corporation's environment that is governed by the constitution and by laws

debts or liabilities that are incurred in one accounting period not paid off by the end of that period

physical items that can be bought and sold or could also be used to produce other goods and services and thus are key to goods turnover

independent central bank that is responsible for Switzerland's monetary and currency policies

economic sector that includes production and processing (secondary sector)

amount that is directly deducted from one's wages (e.g. OASI, disability insurance, accident insurance)

the part of a corporation's environment in which interpersonal relationships between individuals and groups form

act of setting aside or reserving a part of one's disposable income (e.g. in a savings account) to realize a specific goal or to insure against future uncertainties

the coalition of a people within established borders and under a specific form of government to enforce laws

development of the three economic sectors (agriculture, industry and services)

business environment that is characterised by scientific and technical achievements

economic sector that includes services (third sector)

the five sectors of a company, namely, economic, technological, social, legal, ecological environment

costs that change every month according to needs, such as hobbies and clothes

needs which are not necessary for survival such as jewellery and holidays

role of money, saved money

measure for the appraisal of a good

added value when an existing good (e.g. flour) is transformed into a new good (e.g. bread)

means of satisfying human needs that are in limited supply and have a price (e.g. raw material, working performance etc.)

model that describes the interactions between the most important economic agents and entities (household, business, state, bank, foreign countries)

classification of professional occupations into three fields of production: 1st sector: agriculture, 2nd sector: industry and business, 3rd sector: services

economic agents and entities such as producers, consumers, banks, governments

factor of production that includes the knowledge and capabilities (e.g. education, experience) of a person

a person’s quality of life (material standard of life, health, justice, freedom or an intact nature)

material standard of life wherein a population has many goods and services at its disposal

medium of exchange that is transferred from buyer to seller during the purchase of goods or services

fee that e.g. a bank pays for receiving money (savings interest) or demands for a loan (debt interest)

election regulation, according to which a candidate or party acquiring more than half the votes wins

the right to stay in a country, given by a government to protect someone who has escaped persecution in their own country

governmental entity of Switzerland

highest judicial authority in Switzerland (Lausanne)

Switzerland's executive government; consisting of seven council members

statutory rights that a state guarantees to its citizens