Business organization
What is the sole proprietorship ?
One person owns the business
Who are the people that demand things ?
Consumers
What is it associate with the Command Economy ?
Totalitarianism , communism , Fascism and dictatorship .
What is the goal of selling stocks ?
For as many people as possible to be satisfied .
What is Microeconomics ?
The study of economics of an individual
What is the one of the advantages of sole proprietorship ?
You keep 100 % of profit
Who are the people that sell things ?
Producers
What does a bad government equal ?
A bad economy
What leads to competition ?
Lots of buyers and sellers
What is Macroeconomics ?
The study of economics of a group
What is a corporation ?
A publicly traded property
What are the two categories of economics ?
Goods and services
Where do the people's money go ?
It goes to the government
What does the competition do in the stock market ?
Balances prices and drives to innovation
What can be an example of Microeconomics ?
Personal budget on food , Clothing or Shoes
What is a partnership ?
Business owned by more than one person
What are three factors of production ?
Labor , Customers ,Product , Capital and Land
Why this kind of economy doesn't work ?
It doesn't work because , they ignore the basic principles , and the society needs
What leads to progress ?
Innovation and technology
What can be an example of Macroeconomics ?
Tax , Rent or Gas
What is the financial incentive ?
Sales - Expenses
Why the producers sell?
They sell for profit
Name a country that has Command Economy
Venezuela , North Korea or Cuba
What does it protect the Economic Security ?
Protects the economy , protects the private property and helps avoid illegal activity
How is it call when you give up to do something or set something ?
Opportunity cost