Economic Systems
This economy is based on customs and traditional beliefs
What is a traditional economy?
This market has identical products and no competition
What is pure/perfect competition?
This is something that motivates a person to do something
What is an incentive?
The dollar value of all the goods and services produced in a country within a year
What is the GDP?
What is McCarsons favorite dog breed?
What is a corgi?
This economy is where private individuals control the factors of production
What is a market economy?
This market has lots of buyers and sellers with slightly different products
What is monopolistic competition?
This is where employees get a portion of the comanpys profits
What is profit sharing?
This measure the rate of Inflation
What is CPI?
This fruit is a berry, but doesnt look like one. (hint minions)
What is a banana?
This economy is controlled solely by the government
What is a command economy?
This market has a few large sellers who dominate the industry
What is oligopoly?
These punish people or businesses financially
What is a negative incentive?
When large numbers of people are out of work, there are shortages and capacity at manufacturing is exceeded
What is a depression?
This is what the dot over the i is called
What is a tittle?
This economy has some individuals freedom and some government control
What is a mixed economy?
This market has only one seller who dominates
What is monopoly?
Government incentives that provide money to businesses in order to help them grow
What is a subsidy?
These are the 2 types of stock markets
What is the Bull and Bear market?
This gives you wings
What is red bull
This is the driving force of capitalism, the ability to accumulate welath
What is a profit incentive?
Companies that are considered sporting events, or are not a form of commerce, therefore do not need ot be limited
What is a antitrust exemption monopoly?
These are industries/goods with incentives for consumers
What is Solar Panels, Electric Vehicles, Farming or Pharmaceuticals?
Represents companies that list equity shares for public investors to buy and sell
What is the stock market?
This guy wrote the other 51
Who is Alexander Hamilton