ECONOMIES
An economic system that allows private ownership of businesses.
What is a Market economy?
The amount of a product that is available.
What is supply?
Products you buy from another country.
What are Imports?
A market that is rising.
What is a Bull market?
The % of interest charged on a loan for one year.
What is the A.P.R.?
This causes companies to make their products either better or cheaper.
What is competition?
When demand is greater than the supply, this situation is created.
What is scarcity?
Products you sell to other countries.
What are exports?
A market that is falling.
What is a Bear market?
This is what is left to pay after you subtract your trade-in, down payment, and any rebates or discounts.
What is the balance?
Economic system in which the government owns all of the factories.
What is a command economy ?
The total economic output for a nation in one years time.
What is the G.D.P.?
The difference between the amount of products that a country imports and exports.
What is a Trade Balance?
When a stocks value is halved and the shares doubled.
What is a stock split?
The length of a loan.
What is the term?
An economic system that is common in undeveloped nations.
What is a traditional economy?
The amount of a product that consumers want to purchase.
What is the demand?
Over-seas factories in which workers are abused and grossly underpaid to produce a very cheap product.
What are Sweatshops?
A share of a companies profits that is paid to stockholders.
What are dividends?
The decline in the value of a car over time.
What is depreciation?
Inventors or business creators.
What are entrepreneurs?
Land, Capital, Labor, and Entrepreneurs.
What are the factors of production?
A tax placed on imported goods to help protect a nations own factories.
What is a tariff?
They are in charge of keeping people from cheating in the stock market.
What is the S.E.C.?
When you owe more on a vehicle than what it is worth.
What is being Upside-down?