economic systems
a system were consumers decide what is produced by the purchases they make.
what is market economies.
regulations on government budget and taxes
what is fiscal policy
the possibility of loss or failure
what is risks
the measure of the amount of consumer spending as a economic indicator
what is supply & demand
it is protection provided by the military, police, and fire department
what is basic social services
a economic system were one person or group make production systems.
what is command system
a way to control supply of money by using inflation and deflation and making sure the price s stable
what is monetary policy
the income of a business after all costs have been deducted
what is profits
the amount of a product available to the market stock
what is supply
support by the government like relief in the event of disasters
what is business support
a economic system were there is a mixture of market and command economic systems.
what is mixed economies
competition that focuses on the sale price of a product
what is price competition
a profit that improves the livelihood of people, especially is its a big one
what a profitable firm
the consumer's willingness to buy a product
what is demand
departmental regulation that protects workers from hazardous workplaces and abuse from employers
what is Osha
a system were business is privately owned and the government run few social services
what is capitalism
a competition that focuses on factors other than the price
what is non-price competition
a profit that lowers the livelihood of people due to it losing money, this affects more people the larger the loss is
what is unprofitable firm
when a product's making out paces the buying of it
what is surplus
a provided service by the government, like the us postal service.
what is competition
a system were the government has high taxes and provides jobs through gov. owned most businesses
what is socialism
a company that controls a entire product market
what is monopolies
a person who risks there own cash to make a profit from building a product
what is a entreprenuer
when there is less than the demand
what is shortage