Demand
When price goes up
A society that can accurately assess what to produce
Economic efficiency
What are the three corporate mergers?
Horizontal merger, vertical merger, conglomerate
What is the labor force ?
Employed or unemployed
A business license from a local government
Authorization
The quantity demand for any good is the amount of the good that buyers are ________ and ________ to purchase
Willing ; able
Law of Government not involved
Laissez-fair
A mergers of two or more firms competing in the same market with the same good or service
What is semi-skilled labor ?
Requires minimal specialized skills and education
What regulations can affect small businesses?
Zoning laws
A table that lists the quantity of a good a person will buy at each different price
Individual demand schedule
Relies on habit, custom, or ritual to decide questions of production and consumption of goods and services
Traditional economy
Carnegie steel company is an example of following what method ?
Vertical merger
What do Women and minorities often face ?
What are disadvantages of sole proprietorship?
Liability and limited access to resources
A table that lists the quantity of a good all consumers in a market will buy at each different price
Market demand schedule
What is economic freedom ?
The opportunity to make our own choices
Companies that produce completely unrelated goods and services
Conglomerates
An u official invisible barrier that prevents women and minorities from advancing in their careers
Glass ceiling
Permission to use a building for business