What is...? archive

This is an occasional series of short additions to the Biz/ed Glossary covering some basic concepts in business and economics. It aims to help Level 2 and Level 3 students understand common terms within business and economics a little more thoroughly. Often, a basic definition offers little to a student looking for the context in which to place the word. This series helps students via the use of specific examples, along with explanatory diagrams and images.