Basic Economics
What is the study of how people use resources to meet their needs?
Who founded Microsoft?
Who is Bill Gates?
If demand for a product increases but supply remains the same, what generally happens to the price?
It increases.
What is the basic medium of exchange for goods and services?
What is Money?
What is a written plan that describes a business and its operations?
What is the term for the increase in prices over time?
Who is the CEO of Tesla?
Elon Musk
What is it called when there is more supply of a product than demand?
What is Surplus?
What term describes the money needed to start a new business?
What is Capital?
What term describes the unique aspect that makes a new business different from others?
What is a Unique Selling Proposition (USP)?