Economics - the study of how people use their limited resources to satisfy unlimited wants., Opportunity cost - Choosing one thing over another, and the price of choosing that alternative, Scarcity - when resources are in short supply, Command economy - when the government controls factors of production and distributes resources to the population 'equally', Market economy - when consumers and businesses influence the market and what goods and services are produced, at what prices, Producers - Someone who makes or grows an item for sale or provides a service for someone else, Consumers - Someone who purchases a good or a service from someone else, Goods - A tangible, physical item that is made or grown, Services - An activity or benefit someone is prepared to pay for that is intangible, Law of demand - the lower the price, the more consumers want!, Law of supply - The higher the price, the more producers want to make and sell, Market price - The intersection between supply and demand, Profit businesses - Businesses that exist for the purpose of making profit for their owners , Non-profit businesses - businesses that exist to contribute to solving a social or environmental problem, Company - A business that exists as a separate legal entity to its owners, Sole Trader - One person owns and operates a business, Partnership - Between two and twenty people jointly own and operate the business,
0%
Economics & Business Week 1 Revision
Podeli
autor
Emmaagius
Year 8
Economics and Business
Uredi sadržaj
Ugradi
Više
Tabela
Prikaži više
Prikaži manje
Ova tabela je trenutno privatna. Kliknite na
Podeli
da biste je objavili.
Pristup tabeli je onemogućio vlasnik sredstva.
Ova tabela je onemogućena pošto Vam se podešavanja razlikuju od podešavanja vlasnika sredstva.
Vrati podešavanja
Spoji
je otvoreni šablon. On ne generiše rezultate za tabelu rangiranja.
Prijava je obavezna
Vizuelni stil
Fontove
Prijava je obavezna
Postavke
Promeni šablon
Prikaži sve
Više formata će se pojaviti tokom igranja aktivnosti.
Otvoreni rezultati
Kopiraj vezu
QR kôd
Izbriši
Vrati automatski sačuvano:
?