how much of a good or service a producer (a business) is able and willing to make for sale to consumers.
What is Supply?
Goods that are used together. For example, peanut butter is often used with jelly.
What are Complementary Goods?
how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products.
What is the Circular Flow Model?
new technology can also affect the amount of ____ a business will produce
What is supply?
According to the image who receives revenue
What is the firms (business)?
Why would a producer want to make more of something when prices rise?
What is to make a Profit?
According to this image who gets the income and provides the labor
What is the households?
A decrease in demand will cause the curve to shift to
What is the left?
It is a separate entity with its own governance, taxation and liability. Because individuals can’t be held personally responsible for a _______ impacts, actions or debts, the structure significantly reduces the potential risk for owners and investors.
What is corporation?
An increase in demand will cause the curve to shift to
What is the right?
how much it cost to make something
What is the cost of production?
the simplest and most affordable business structure because it involves fewer legal formalities. It is a non-registered, unincorporated business with a single owner who receives all profits but is also responsible for all debts and losses.
What is Sole Proprietorship?
an arrangement between two or more people to start a business together and oversee business operations.
What is a partnership?
What is the name of the intersection where the supply and demand meet in this image?
What is the Equilibrium Point?
consumers are willing to buy more of something (a good and service) when prices go down.
What is the Law of Demand?
a market structure characterized by a small number of large firms that dominate the market.
What is an Oligopoly?
a market structure where a single seller dominates the entire market for a particular product or service.
What is a Monopoly?
a market structure characterized by a large number of sellers, each offering a product that is similar but not identical to the others.
What is a Monopolistic Competition?
a market structure characterized by a large number of small sellers, each of whom sells an identical product.
What is a Pure (Perfect) Competition?
Tech giants like Microsoft in the past with its Windows operating system or Google with its search engine have been considered
What is a Monopoly?
What is happening in thie image?
What is a decrease in demand?
What is happening in this image?
What is an increase in demand?
What is happening in this image?
What is a decrease in supply?
What is the name of the image?
What is a Circular Flow Model (Market)?
What is happening to the coffee market in this image?
What is there is an increase in supply?