Economy
A person who studies the economy
What is an economist?
something that TRIBE represents
What is Taste, Related goods, Income, # of buyers, Expectations?
The direction that Supply points to
What is up?
The direction that Demand points to
What is down?
What you give up in exchange for what you purchased
What is a Trade-Off?
Represents the shifters of a company's supplies
What is ROTTEN?
Must be light and easy to carry around
What is Portability?
When Supply and Demand intersect
Has to be rare to be valuable
What is Scarcity?
A man starts a small burger restaurant in a town with 20 other restaurants that sell burgers, so he's losing lots of cash because of what abbreviation in ROTTEN?
What is N (# of businesses)?