The Basics
A system of Distrubution of scarce resources
What is the Economy?
is an that gives you ownership of something
What is a stock?
"LLC"
what is Limited Liability Consultant?
a way of measuring consumer pricing
what is index?
The two largest consumption items for African Americans in the category of Food?
What is Poultry and fish ?
Assets that go up in value
what is wealth
example - Nike= Nke
what is a stock symbol?
"MBA"
What is masters of business administration?
prices go up
what is inflation ?
Boys clothing ages 2-15 (14.1%) , Girls clothing ages 2-15(16.6%), and footwear(14.7%).
What are the three largest consumption items for African Americans in the category of Apparel?
free market competition, private owership
What is Capitalism?
2 ways to make money off of stocks
what are dividends or the sale of your stock?
"CPI"
What is consumer price index?
"SPI"
What is student price index?
Buying and banking black will close the racial wealth gap...
What is a myth about Black wealth?
the "capita" of capitalism
What is money investment for a return?
on what exchange does it (stock) trade?
What is the Listed Exchange?
What is Price per Share?
prices go down
what is deflation?
Invented a machine called the cotton engine (aka cotton gin) in 1793
Who is Eli Whitney?
types of economic systems
what is Capitalism, Socialism, Communism ?
saying your stock for less then what you paid
What is the only way to lose money on stocks?
"GDP"
What is gross domestic product?
To convert an amount in dollars at time A to the amount with the same buying power at time B
What is Basic Conversion Formula
Study of decision making undertaken by individuals and by firms.
What is Microeconomics?