Show:
Business in the American Economy
Labor in the American Economy
Basic Economic Decisions
V O C A B
Principals of Our Market Economy
100
Someone who creates their own business
What is an entrepreneur?
100
To work
What is labor?
100
when the U.S. government doesn't tell you what to produce
What is free market?
100
The price at which buyers and sellers agree trade.
What is market price?
100
The price when the price is high
What is the want to sell more?
200
Labor, Land, and Capital
What are the factors of production?
200
When workers want to protect their rights in a work environment.
What is the reason workers wanted a union?
200
This plays a big factor in how we make things
What is technology?
200
How much a worker makes.
What is wage?
200
Everything is equal.
What is the ideal market?
300
Sole proprietorship, Partnership, Corporation
What are the three types of business ownership?
300
Low wages, dangerous werk, injuries, etc.
What are factors that cause a bad work environment?
300
Job owners have to do this in order to know how much to produce
What are predictions?
300
The payment for the use of capital.
What is interest?
300
Brands
What is advertising
400
The time of the rise of big business.
What is the 1800's?
400
Slow down, sit down, boycott, strike
What are weapons of labor?
400
When there is not enough of something
What is scarce recourses?
400
Amount of product or service that buyers are willing to buy.
What is demand?
400
The ability to compete freely with others
What is free competition?
500
70% of American businesses are this.
What is sole proprietorship?
500
Banks, Insurance, Restaurants, etc.
What are service based jobs?
500
Technology
What is the practical application of science?
500
The product an owner sells.
What are resources?
500
The pice is in the middle of supply and demand
What is the graph of idel market?