Supply/Demand
Vertical axis on the demand and supply graph
What are prices
Disadvantage of a credit card
What is overspending
how many types of partnerships are there
what are 3
graph that has an upward slope
what is a supply curve
Wise decision making when using resources
what is efficiency
As prices increases, supply increases
What is Law of Supply
What is true
general partnerships have ______ liability
what is unlimited
graph with downward slope
what is a demand curve
contract that gives a single firm to sell its good within an exclusive market
what is a franchise
Direction used to show an increase in demand on graph
what is shift right
Becoming an expert in a specific subject
what is specialization
Nike is an example of this
what is a multinational
causes movement along the curve
what is price
Major types of resources used to make a product
factors of production
left shift of demand curve represents
What is a decrease
max amount you can but on a credit card
what is credit limit
combination of multiple business entities operating in entirely different industries under one corporate group
what is a conglomerate
a war may cause a ppc to shift
what is inward
extra cost of adding one unit of production
marginal cost