Business Models
A business model with a single owner who makes the decisions, has unlimited liability, and tax benefits.
What is Sole Proprietorship?
They give out loans, to purchase property/homes.
What are financial institutions?
Reflecting the continued recovery from economic declines and impact of COVID-19, GDP increased at an annual rate of 4.3%
What is Gross Domestic Product?
The Great Recession caused GDP to decrease.
What is a period of contraction?
The Cotton Gin led the U.S to become the leader of cotton production, because of the large amount of cotton exports.
What is technology relating to growth?
This business model must fill out a lot of paperwork. They are a separate legal entity, who has to pay double taxation.
What is a corporation?
Any assets other than real estate
What is Personal Property?
Global measure of a country’s prosperity.
What is GDP per capita?
In 2009, during the Great Recession, GDP rose by 1.5%
What is a period of expansion?
A benefit of economic growth.
What are lower unemployment rates?
This business model includes two or more people. They have an agreement on how to handle different business aspects. They receive tax benefits, but have unlimited liability.
What is a General Partnership?
limitation on location of business
What is regulation of business property?
In the year 1933, 20 dollars was equivalent to 407.77.
What is Inflation?
When the economy expands, it is followed by a period of contraction. When it contracts, it's followed by a period of expansion.
What are Static Effects?
World War II led to more people entering the workforce, and auto industries becoming the top creators of military equipment.
What is productivity related to growth?
BONUS (formatting)
If you are paraphrasing an idea from another work, you only have to make reference to the author and year of publication in your in-text reference and may omit the page numbers.
What is APA?
When abandonment, selling, and catastrophes occurs.
What is disposal of property?
As of March 5, 2021, the Bureau of Labor Statistics reported “little changed at 6.2” Compared to April 2020 (COVID-19 Shutdown) It has notably decreased. rates for non working individuals were once at 14.7%.
What is unemployment rate?
Unpredictable events, that serve as abnormal catalyst of contraction or expansion.
What are Shocks?
A way to measure economic growth.
What is GDP?
Where multiple parties are involved. Some control day to day decisions, others commit financial resources. If the business fails, investors are only liable for their investment.
What is Limited Partnership?
When personal property is destroyed, owners can file a claim and receive a replacement or cash value .
What is benefit of personal property?
The United States grew in terms of financial assets due to tax cuts and stock markets.
What is National Wealth?
The space between the growth trade line and trough.
What is the level of excessive unemployment?
An unhealthy growth state
What is an asset bubble?