Free Enterprise
Demand
Supply
The business of free enterprise
Financing a Business
100
A process in which businesses and people focus on producing one or a few parts of an entire product.
What is specialization?
100
Quantities of a particular good or service that consumers are willing and able to buy at different pricees at a particular time.
What is demand?
100
the quantity of a good or service producers are willing and able to sell at different prices at a particular time.
What is supply?
100
a term for a business organization
What is Enterprise?
100
a company's first sale of stock to the public
What is initial public offering?
200
Resources and products owned by individuals or businesses.
What is private property?
200
the inclination of people to buy less of something at higher prices than they would buy at lower prices.
What is Price effect?
200
a positive relationship between the quantity supplied and the price of the product
What is law of supply?
200
a group of one or more firms that produce identical or similar products.
What is industry?
200
a claim to a share of the profits of a company after all expenses and taxes are paid
What is common stock?
300
Refers to the resources and products owned by government.
What is Public property?
300
the quantity of goods and services a person can buy with a given amount of money
What is buying power?
300
the total of all individual suppliers products in a market at a particular time
What is market supply?
300
a business owned by one person
What is a sole proprietorship?
300
ownership shares issued as nonvoting stock
What is preferred stock?
400
Uses monetary prices as a message system to facilitate exchanges between buyers and sellers.
What is the price system?
400
a measure of the impact of the price effect
What is price elasticity of demand?
400
the change in cost for an additional output
What is marginal costs?
400
a business organization managed on behalf of its owners who provide the funds
What is a corporation?
400
investors who make loans to new companies
What is venture capitalists?
500
Competition among businesses
What is market competition?
500
An Inverse relationship between the quantity demanded and the price of the product.
What is law of demand?
500
when the percentage change in price is less than the percentage in the amount produced
What is supply elastic?
500
a market in which the public buys and sells shares of stock
What is stock exchange?
500
the percentage return actually earned over time on a bond investment and is figured by dividing the annual interest by the price paid
What is yield?
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