What is economics?
What is economics?
The use of money in a society
What are the economic systems?
Dont know dont care
What is the first type of buisness?
Sole proprietorship
What is demand?
The want for a product by consumers
What is supply?
The amount if product a company has to give
What is stocks?
The main contributor to economics
What's a market economy?
The market and consumers set the prices
What is the second type?
Partnership
When is demand highest?
When prices are low
When is supply high?
When prices are high
What is microeconomics?
The spending and economic choices of individuals
What is a traditional economy?
The suppliers set the prices, not scaring much about what the consumers want
Whst is the third type? (Hint, the biggest!)
Corperation
When is demand lowest?
When prices are high
When is supply low?
When prices are low
What is macroeconomic?
The spending and economic choices of a mass of people
What is a command economy?
The government sets everything for everyone
What is the best type for gaining money?
Sole proprietorship
Why is demand important?
Is there wasn't demand for a product, you're losing money making it
Why is supply important?
Without supply you're not making any money cause you're not selling anything
What is economics to you?
The use of my own money
Which economy do we live in?
Market
What is the safest incase the buisness crashes?
Corperation
What's the demand for VHS Tapes? High or low?
Low
What's the supply of teslas? High or low?
High