The way a country manages its money and resources to produce, buy, and sell goods and services.
What is THE ECONOMY?
100
An iPod, DVD, microwave oven, and hair brush are all examples of this.
What is A GOOD?
100
In this type of business entity, one person owns the business alone but may hire others to work for him or her.
What is A SOLE PROPRIETORSHIP?
100
The place where ownership interest in a company, such as stocks, can be purchased (bought) and sold.
What is THE STOCK MARKET?
200
The fee for borrowing someone else's money.
What is INTEREST?
200
People can freely buy and trade goods and services. The price of each good or service is determined not by the government but by demand.
What is A FREE MARKET ECONOMY?
200
A car wash, bank, haircut, and landscaper are all examples of this.
What is A SERVICE?
200
One who organizes, manages, and assumes the risks of a business or enterprise. It is also someone who pioneers change or wants to work for himself or herself and means "to undertake" in French.
What is AN ENTREPRENEUR?
200
The loss of a job when companies cut costs. This usually occurs in a weak economy.
What is LAYOFF?
300
The place where stocks are bought and sold through stock brokers.
What is the stock market?
300
When demand is low, businesses suffer, house prices decrease, the unemployment rate is high, and consumers do not spend money freely.
What is A WEAK ECONOMY?
300
An advantage of a product feature is called this.
What is A BENEFIT?
300
Money that is left over after all of the business bills and employees (workers) have been paid.
What is PROFIT?
300
Having responsibility for something that happens.
What is LIABILITY?
400
Taking financial chances and hoping for a positive outcome.
What is RISK?
400
When stock prices are high, businesses prosper, house prices increase, and consumers spend money without worry.
What is A HEALTHY ECONOMY?
400
Facts such as age, gender, income, and ethnicity are called this.
What is DEMOGRAPHICS?
400
A business structure (entity) that is owned equally by two or more people. they share in the losses as well as the profits.
What is A PARTNERSHIP?
400
The process in which homeowners lose their property because they have failed to make mortgage payments.
What is FORECLOSURE?
500
Ownership interest in a company. These are bought or sold as an investment and is also sold by the company to raise financial capital (money) to help expand its business.
What are STOCKS?
500
A loan that is used to buy a house.
What is A MORTGAGE?
500
These are the five P's of marketing.
What are PRODUCT, PRICE, PLACE, PEOPLE, AND PROMOTION?
500
A business structure that is owned by stockholders and acts as if it were a person. It can exist forever, even if its founder dies. It usually has a CEO (Chief Executive Officer) and a Board of Directors.
What is A CORPORATION?
500
Money that is owed, usually as a result of borrowing it from a bank, person, finance company, or credit card.