Terms
These things are necessary for survival
What are needs?
An economy goes through these two things to the prices
What is inflation and deflation?
A time that could be considered the worst economic crisis in the US's history
What was The Great Depression?
The currency used in the US, Australia, and Canada
What are Dollars?
This used to be used in Coca-Cola
What is Cocaine?
This business type sells directly to the consumer
What is a Wholesaler?
The main types of economic systems
What is Market, Controlled, and Directed?
Pepsi doubled the size of their drinks in the time period known as the ____
What was the 60's?
The currency used in the UK
What are Pounds?
This is a form of production for making a specific product en masse
What is a Production Line?
In this economic philosophy, economic resources are owned and controlled privately
What is Capitalism?
The four P's of marketing
What is Product, Place, Price, and Promotion?
A war that proved to be very great for the US economy
What was World War II?
The currency used in Japan
What is Yen?
This word refers to the selling of products to another country
What is Export?
A business that takes raw materials from nature
What is an Extractor?
Everyone plays at least one of these roles
What is a Consumer, Worker, or Citizen?
The "wars" that happened between two of the most popular beverage brands
What was the Cola Wars?
The currency used in China
What is Yuan?
This refers to the selling of products from another country to this one
What is Import?
These are needed by a community, and provided by the government
What are Public Goods?
A business cycle has these 4 phases
What is: Prosperity, Recession, Depression, and Recovery?
When the government went through a phase, where they decided alcohol was not a good business
What was the Prohibition?
The currency used in Kenya
What are Shillings?
A beverage made by Coca-Cola that has sodium added
What is Dasani?