\documentclass[10pt,a4paper]{article}

% Packages
\usepackage{fancyhdr}           % For header and footer
\usepackage{multicol}           % Allows multicols in tables
\usepackage{tabularx}           % Intelligent column widths
\usepackage{tabulary}           % Used in header and footer
\usepackage{hhline}             % Border under tables
\usepackage{graphicx}           % For images
\usepackage{xcolor}             % For hex colours
%\usepackage[utf8x]{inputenc}    % For unicode character support
\usepackage[T1]{fontenc}        % Without this we get weird character replacements
\usepackage{colortbl}           % For coloured tables
\usepackage{setspace}           % For line height
\usepackage{lastpage}           % Needed for total page number
\usepackage{seqsplit}           % Splits long words.
%\usepackage{opensans}          % Can't make this work so far. Shame. Would be lovely.
\usepackage[normalem]{ulem}     % For underlining links
% Most of the following are not required for the majority
% of cheat sheets but are needed for some symbol support.
\usepackage{amsmath}            % Symbols
\usepackage{MnSymbol}           % Symbols
\usepackage{wasysym}            % Symbols
%\usepackage[english,german,french,spanish,italian]{babel}              % Languages

% Document Info
\author{mapajahit}
\pdfinfo{
  /Title (dobwefobfob.pdf)
  /Creator (Cheatography)
  /Author (mapajahit)
  /Subject (dobwefobfob Cheat Sheet)
}

% Lengths and widths
\addtolength{\textwidth}{6cm}
\addtolength{\textheight}{-1cm}
\addtolength{\hoffset}{-3cm}
\addtolength{\voffset}{-2cm}
\setlength{\tabcolsep}{0.2cm} % Space between columns
\setlength{\headsep}{-12pt} % Reduce space between header and content
\setlength{\headheight}{85pt} % If less, LaTeX automatically increases it
\renewcommand{\footrulewidth}{0pt} % Remove footer line
\renewcommand{\headrulewidth}{0pt} % Remove header line
\renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit
% This two commands together give roughly
% the right line height in the tables
\renewcommand{\arraystretch}{1.3}
\onehalfspacing

% Commands
\newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour
\newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols
\newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns
\newcommand{\tn}{\tabularnewline} % Required as custom column type in use

% Font and Colours
\definecolor{HeadBackground}{HTML}{333333}
\definecolor{FootBackground}{HTML}{666666}
\definecolor{TextColor}{HTML}{333333}
\definecolor{DarkBackground}{HTML}{A3A3A3}
\definecolor{LightBackground}{HTML}{F3F3F3}
\renewcommand{\familydefault}{\sfdefault}
\color{TextColor}

% Header and Footer
\pagestyle{fancy}
\fancyhead{} % Set header to blank
\fancyfoot{} % Set footer to blank
\fancyhead[L]{
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
    \SetRowColor{DarkBackground}
    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
    }
\end{tabulary}
\columnbreak
\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{dobwefobfob Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{mapajahit} via \textcolor{DarkBackground}{\uline{cheatography.com/142358/cs/30584/}}}
\end{tabulary}
\end{multicols}}

\fancyfoot[L]{ \footnotesize
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{LL}
  \SetRowColor{FootBackground}
  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}mapajahit \\
  \uline{cheatography.com/mapajahit} \\
  \end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 21st March, 2022.\\
   Page {\thepage} of \pageref{LastPage}.
\end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}}  \\
  \SetRowColor{white}
  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
\end{tabulary}
\end{multicols}}




\begin{document}
\raggedright
\raggedcolumns

% Set font size to small. Switch to any value
% from this page to resize cheat sheet text:
% www.emerson.emory.edu/services/latex/latex_169.html
\footnotesize % Small font.

\begin{multicols*}{3}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 1-2}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{wants are infinite, resources are finite} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{factors of production: land, labour, capital, enterprise} \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{land: natural resources, extracted and cultivated from nature.} \tn 
% Row Count 5 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{labour: mental and physical human output into production} \tn 
% Row Count 7 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{capital: man made means of production} \tn 
% Row Count 8 (+ 1)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{enterprise: entrepreneurs who organize FoP and take risks} \tn 
% Row Count 10 (+ 2)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{production possibility curve: shows max combinations of products that can be produced by economy in given time period with limited resources. points beyond curve: unattainable, within the curve is inefficient} \tn 
% Row Count 15 (+ 5)
% Row 7
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{free market system: decisions by private sector, no role to govt. price mechanism plays a role} \tn 
% Row Count 17 (+ 2)
% Row 8
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{price mechanism: consumer demand impacts supply} \tn 
% Row Count 18 (+ 1)
% Row 9
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{elasticity: measure of how quickly consumers/producers respond to a change in price} \tn 
% Row Count 20 (+ 2)
% Row 10
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{PeD= percentage change in quantity/percentage change in price} \tn 
% Row Count 22 (+ 2)
% Row 11
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{perfectly inelastic: vertical, perfectly elastic: horizontal. more than 1: elastic, less than 1: inelastic} \tn 
% Row Count 25 (+ 3)
% Row 12
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{PeD impacted by: no. of substitutes, time needed to purchase, proportion of income spent, necessity/habit forming, cost of switching brands, brand loyalty, breath of definition of product} \tn 
% Row Count 29 (+ 4)
% Row 13
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{PeS impacted by: spare capacity (more capacity = more elastic), time to manufacture (quicker manufacturing = higher elasticity), amount of stock/ability to stock, mobility + cost of FoP} \tn 
% Row Count 33 (+ 4)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 1-2 (cont)}}  \tn
% Row 14
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{market failure: when the price mechanism results in inefficient allocation of resources. shows through the existences of externalities, public goods, FoP immobility, monopolies} \tn 
% Row Count 4 (+ 4)
% Row 15
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{social costs = private costs + external costs. social benefit = private benefit + external benefit} \tn 
% Row Count 6 (+ 2)
% Row 16
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{merit goods: goods which have an unappreciated benefit. often underconsumed and underproduced.} \tn 
% Row Count 8 (+ 2)
% Row 17
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{demerit goods: goods that have an unappreciated cost. often overconsumed and overproduced} \tn 
% Row Count 10 (+ 2)
% Row 18
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{public goods: a good not provided by market forces, has to be provided by govt. non-rivial and non-excludable} \tn 
% Row Count 13 (+ 3)
% Row 19
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{monopoly: \textgreater{}26\% share of market, can charge higher prices and restrict quantity.} \tn 
% Row Count 15 (+ 2)
% Row 20
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{direct tax: tax on income, (income, wealth, corporation)} \tn 
% Row Count 17 (+ 2)
% Row 21
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{indirect tax: tax on spending, (VAT, excise)} \tn 
% Row Count 18 (+ 1)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 4}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{unemployment: people willing and able to work but don't have a job.} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{price stability: maintains economic stability + products can compete with international products} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{economic growth: sustained expansion of production possibilities over time, increase in quantity + quality of FoP, measure of aggregate demand and aggregate supply} \tn 
% Row Count 8 (+ 4)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{aggregate demand: total demand for goods and services within a particular market} \tn 
% Row Count 10 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{aggregate supply: total output of all producers in an economy} \tn 
% Row Count 12 (+ 2)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{balence of payments: record of a country's transactions with an other countries} \tn 
% Row Count 14 (+ 2)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{budget: govt financial plan showing govt income and expenditure} \tn 
% Row Count 16 (+ 2)
% Row 7
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{progressive tax: increases with income} \tn 
% Row Count 17 (+ 1)
% Row 8
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{proportional tax: fixed with percentage income} \tn 
% Row Count 18 (+ 1)
% Row 9
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{regressive tax: decreases with income increased} \tn 
% Row Count 19 (+ 1)
% Row 10
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{fiscal policy: govts seek to influence total demand in economy by changing either govt \seqsplit{spending/taxation/increases}} \tn 
% Row Count 22 (+ 3)
% Row 11
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{monetary policy: process of controlling supply, cost of money, availability of money. influences AD level} \tn 
% Row Count 25 (+ 3)
% Row 12
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{money supply: the money in circulation in economy} \tn 
% Row Count 26 (+ 1)
% Row 13
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{exchange rates: value of one currency against another. bought/sold as commodity to change price. manipulated by exports/imports} \tn 
% Row Count 29 (+ 3)
% Row 14
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{quantitive easing: affect amount of money in circulation by printing more money} \tn 
% Row Count 31 (+ 2)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 4 (cont)}}  \tn
% Row 15
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{supply-side policy: govt policies that stimulate producers to produce more. increases AS, more productivity capacity/potential of economy} \tn 
% Row Count 3 (+ 3)
% Row 16
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{economic growth: increase in amount of goods/services produced by economy over time.} \tn 
% Row Count 5 (+ 2)
% Row 17
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{GDP: measuring adding total spending on final goods/products produced in a country over a year period. C+I+G+ (X-M)} \tn 
% Row Count 8 (+ 3)
% Row 18
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{nominal GDP: total GDP while inflation hasn't been taken into account. (still in the figures)} \tn 
% Row Count 10 (+ 2)
% Row 19
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{real GDP: total GDP after inflation has been taken into account. (out of the figures)} \tn 
% Row Count 12 (+ 2)
% Row 20
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{economic recovery: real GDP grows faster than normal. AD increases, firms output increases, job creation.} \tn 
% Row Count 15 (+ 3)
% Row 21
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{economic boom: demand for goods increases, output rises, profits peak, economy can 'overheat'} \tn 
% Row Count 17 (+ 2)
% Row 22
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{economic recession: real GDP falls. Ad falls and production is cut. less employment, profits/income lower. has to be two/more consecutive quarters of negative economic growth.} \tn 
% Row Count 21 (+ 4)
% Row 23
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{labour force: total people working age in work/actively seeking work} \tn 
% Row Count 23 (+ 2)
% Row 24
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{labour force participation rate: labour force as a proportion of working-age population, \% population that is economically active} \tn 
% Row Count 26 (+ 3)
% Row 25
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{employment by industrial sector: people working in \seqsplit{agriculture/manufacturing/} related services} \tn 
% Row Count 28 (+ 2)
% Row 26
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{employment status: no. of people employed full time/part-time/temp work} \tn 
% Row Count 30 (+ 2)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 4 (cont)}}  \tn
% Row 27
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{unemployment: people registered as being without work as proportion of labour force} \tn 
% Row Count 2 (+ 2)
% Row 28
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{economically active population: supply of work} \tn 
% Row Count 3 (+ 1)
% Row 29
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{claimant court: counting individual who register as unemployed. usually counted by no. of people claiming unemployment benefit.} \tn 
% Row Count 6 (+ 3)
% Row 30
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{labour force survey: data gathered from survey of sample households for unemployment rate. determines people employed. used worldwide and is standardized.} \tn 
% Row Count 10 (+ 4)
% Row 31
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{frictional unemployment: short-lived unemployment as jobs change. seasonal unemployment: temporary unemployment because some production and AD is seasonal} \tn 
% Row Count 14 (+ 4)
% Row 32
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{cyclical unemployment: prolonged, wide spread unemployment during recessions due to falling AD} \tn 
% Row Count 16 (+ 2)
% Row 33
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{structural unemployment: long lived unemployment caused by industrial decline. workers are unemployed and have unwanted skills.} \tn 
% Row Count 19 (+ 3)
% Row 34
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{inflation: sustained increase in av. price level of country.} \tn 
% Row Count 21 (+ 2)
% Row 35
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{deflation: sustained fall in gen. price level inflation is negative} \tn 
% Row Count 23 (+ 2)
% Row 36
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{creeping inflation: prices increase by a few \% per year} \tn 
% Row Count 25 (+ 2)
% Row 37
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{hyperinflation: prices rising significantly over 100\%} \tn 
% Row Count 27 (+ 2)
% Row 38
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{malign deflation: sustained decline in GPL in economy due to demand slump} \tn 
% Row Count 29 (+ 2)
% Row 39
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{disinflation: slow down in rate at which prices are rising in general} \tn 
% Row Count 31 (+ 2)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 4 (cont)}}  \tn
% Row 40
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{stagnation: economic situation with high/rising unemployment + inflation} \tn 
% Row Count 2 (+ 2)
% Row 41
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{imported inflation: rising prices caused by increase in import costs following fall in value of exchange rate of importing country's currency} \tn 
% Row Count 5 (+ 3)
% Row 42
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{weighting: technique of adjusting certain payments by price index to preserve real value/purchasing power} \tn 
% Row Count 8 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 4}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{unemployment: people willing and able to work but don't have a job.} \tn 
% Row Count 2 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 3}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{money: medium of exchange used to buy goods and services. is a unit of account, store of wealth, standard of deferred payment, medium of exchange} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{characteristics of money: durable, acceptable, divisible, portable, scarce} \tn 
% Row Count 5 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{banks: act as a financial intermediary between borrowers and savers.} \tn 
% Row Count 7 (+ 2)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{interest rate: cost of borrowing as a \% of unit of money.} \tn 
% Row Count 9 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{stock exchange: market where shares and securities are sold and bought} \tn 
% Row Count 11 (+ 2)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{stock brokers: individuals who buy/sell stocks on stock exchange to pay loans} \tn 
% Row Count 13 (+ 2)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{ipo: initial public offering} \tn 
% Row Count 14 (+ 1)
% Row 7
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{bull market: prices going up, bear market: prices going down} \tn 
% Row Count 16 (+ 2)
% Row 8
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{dividend: share of profit given to shareholder per share} \tn 
% Row Count 18 (+ 2)
% Row 9
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{yield: dividend as \% of share price} \tn 
% Row Count 19 (+ 1)
% Row 10
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{joint stock companies: shares sold for permanent capital, shares never paid back. people purchasing become the shareholders, get dividend.} \tn 
% Row Count 22 (+ 3)
% Row 11
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{bonds: sold as govt as loans for a set time. paid back with interest} \tn 
% Row Count 24 (+ 2)
% Row 12
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{average propensity to consume: the likelihood of spending your income. APC = consumption/disposable income} \tn 
% Row Count 27 (+ 3)
% Row 13
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{derived demand: demand for goods/services increase, demand for other thing increases. like labour} \tn 
% Row Count 29 (+ 2)
% Row 14
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{trade unions: associations representing workers' interests. general unions support workers from different industries. there can be craft unions, non-manual unions, industrial unions, etc} \tn 
% Row Count 33 (+ 4)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 3 (cont)}}  \tn
% Row 15
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{collective bargaining: how trade unions negotiate with employers over wage and non-wage benefits} \tn 
% Row Count 2 (+ 2)
% Row 16
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{arbitration: involves employers and unions agreeing to let independent referee (often senior govt official/lawyer) to settle industrial dispute.} \tn 
% Row Count 5 (+ 3)
% Row 17
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{overtime ban: workers refuse to work more than normal hours.} \tn 
% Row Count 7 (+ 2)
% Row 18
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{work to rule: workers deliberately slow production by complying rigidly with every rule and regulation} \tn 
% Row Count 10 (+ 3)
% Row 19
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{go-slow: workers carry out tasks slowly to reduce production} \tn 
% Row Count 12 (+ 2)
% Row 20
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{strike: workers refuses to go into to work and protest, picket outside work to stop deliveries and prevent non-unionized workers from working.} \tn 
% Row Count 15 (+ 3)
% Row 21
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{specialization: the process by which an employee becomes more skilled at a subset of work, doing what you're best at} \tn 
% Row Count 18 (+ 3)
% Row 22
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{division of labour: one person specializes at one task of production rather than the whole process.} \tn 
% Row Count 20 (+ 2)
% Row 23
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{horizontal integration: EoS, increases market share. same level of production} \tn 
% Row Count 22 (+ 2)
% Row 24
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{vertical backward integration: secures supply and quantity of goods. goes towards suppliers/primary sector} \tn 
% Row Count 25 (+ 3)
% Row 25
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{vertical forward integration: captures retail market. goes towards consumers} \tn 
% Row Count 27 (+ 2)
% Row 26
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{take-over: one company buys shares of another, can be hostile or friendly} \tn 
% Row Count 29 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 5}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{} \tn 
% Row Count 0 (+ 0)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{less-developed economy: lower levels of human/economic development, diversification, low industrial development, lack of infrastructure, low education levels and skills, low average incomes and poor living standards, low average life expectancy} \tn 
% Row Count 5 (+ 5)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 3 cont.}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{merger: two companies join for a new company with a new name.} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{joint venture: two businesses set up separate, new business for a short period of time} \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{conglomerate integration: mergers and takeovers of two firms making a diversified portfolio by producing different products} \tn 
% Row Count 7 (+ 3)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{EoS: number of units produced increase, cost per unit decreases} \tn 
% Row Count 9 (+ 2)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{diseconomies of scale: the rise in cost per unit as output increases.} \tn 
% Row Count 11 (+ 2)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{internal EoS: when companies increase output to reduct costs, external: when costs fall because industry is growing, costs fall} \tn 
% Row Count 14 (+ 3)
% Row 6
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{Really Fun Mums Try Making Pie. risk-bearing, financial, managerial, technological, marketing, purchasing} \tn 
% Row Count 17 (+ 3)
% Row 7
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{production: total output of goods/services in production process, increased by using factor inputs/ increased productivity of FoP} \tn 
% Row Count 20 (+ 3)
% Row 8
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{productivity: measure of degree of efficiency in use of factor inputs in production process av. of output/worker, revenue/sales, output/machine} \tn 
% Row Count 23 (+ 3)
% Row 9
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{fixed costs: CoP paid regardless of how much is produces. (rent, salaries, etc)} \tn 
% Row Count 25 (+ 2)
% Row 10
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{variable costs: CoP that change with output (raw materials, wages)} \tn 
% Row Count 27 (+ 2)
% Row 11
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{revenue: money payable to a hushes from sales of product.} \tn 
% Row Count 29 (+ 2)
% Row 12
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{break-even: the point at which the total revenue = the total costs} \tn 
% Row Count 31 (+ 2)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 3 cont. (cont)}}  \tn
% Row 13
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{profit maximisation: goal of private sector firms, pos. difference between firm's revenue and costs.} \tn 
% Row Count 2 (+ 2)
% Row 14
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{market structure: how many firms are in a structure, the influence of the firms on pricing, differences among products, barriers to entry/exit} \tn 
% Row Count 5 (+ 3)
% Row 15
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{perfect competition: large no. of firms that have equal say in pricing. buyers buy homogenous product, no obstacles to entry/exit.} \tn 
% Row Count 8 (+ 3)
% Row 16
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{monopolistic competition: many firms, products differ, low price control} \tn 
% Row Count 10 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{unit 3 cont.}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{oligopoly: market controlled by few main firms} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{monopoly: one seller of particular good/service} \tn 
% Row Count 2 (+ 1)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}


% That's all folks
\end{multicols*}

\end{document}