Market Economy
List the 3 types of economies
What are Traditional, Market, and Command
Define Invest
what is
to use money to earn interest or income
is how much of something is available
3 types of businesses
What are Sole proprietorships, partnerships, and corporations.
the year sitoshi Nakamoto founded Bitcoin
2009
Define a traditional Market
what is an economic system based on past ways of life & culture
Define a dividend
what is profited money given to stockholders
Define demand
what is how much of something people want
In this type of business, it is owned and operated by a single person, the owner makes all the decisions, and receives all the benefits
What is Sole proprietorship
Max number of bitcoins
what is 21 million
an economic system in which individuals control the production & distribution of goods & services
What is a Market economy
Define Capital Gains
what is
the profit you earn when you sell something
how do you show the relationship between Supply and Demand?
what is using the price of something
What is a business owned by two or more people
Technology used for Cryptocurrency
what is blockchain
Factors of production
what is Land, Labor, and Capital.
Stock market
What is a place where stocks and bonds are bought & sold
The price for something will go down when...
what is the demand goes down
In a corporation, the founder sells
what is pieces of ownership out to investors
Bitcoin miners started on PCs and now are in
What are warehouses
What is the ultimate goal of a country?
What is to produce a high standard of living
The difference between preferred and common stocks
what is preferred stocks give pay yearly dividends, but no voting rights and
common stocks give stockholders voting rights, but may or may not offer dividends
what happens to a seller if no one wants to buy their product. What do they have to do?
What is sell their product for lower
Payments from corporations to shareholders
what are called dividends
Bitcoins paid for two pizzas in 2010
what is 10,000