Society, General Knowledge for Vocational Schools (ABU), Vocabulary, Chapter 2

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

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

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

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

measure for the appraisal of a good

role of money, saved money

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

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

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

economic sector that includes services (third sector)

business environment that is characterised by scientific and technical achievements

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

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

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

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

economic sector that includes production and processing (secondary sector)

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

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

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

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

manufacturer of consumer goods (company)

tangible and non-tangible means of producing goods (e.g. labour, education, capital, knowledge, natural resources)

economic sector that involves production or gaining of raw materials (primary sector)

banking business that entails a bank obtaining money in order to be able to warrant a credit

the part of a company that is based on economical matters, such as usage of goods and money

the part of a corporation which pays attention to the conservation of nature

part of social life where a person is able to discuss political matters and develop opinions free from censorship and other barriers

insurance which covers accidents during non-working hours

remuneration paid after social benefits contributions are deducted

a department or division in a company that represents a link to the market; it has the function of identifying and satisfying customer needs

payment of money or its equivalent as remuneration over a period of time for the performance of work, paid by the employer to employee  in exchange for labour or services

a company, organization, or country that supplies or sells a product or a service

a person or company that buys goods or services