Cars
280 million cars
how many cars on the road in the us?
Prices rising over time
What is inflation
A severe period of economic contraction lasting a long period of time
What is depression
The foundation of our free enterprise system is freedom of choice by individuals.
What does the government limit?
shortage of resources
What is Scarcity?
Tesla
What is the richest car company
All of the people in the nation who are capable of working and want to work
What is labor?
Marks the end of the expansion and is the highest point of the business cycle
What is a Peak
large number of businesses selling the same product at the same prices.
What is Perfect competition?
Raw materials found in nature
What are Natural resources?
Honda
What car company is a gray H
A period of significant decline in the total output, income, employment, and trade in the economy.
What is a Recession
A period when the economy is growing and gdp is rising
What is an Expansion?
A large number of businesses selling similar, but not the same, products and at different prices.
What is Monopolistic competition?
The things used to produce goods. Examples are buildings and materials
What are Capital resources?
Volkswagen
What car company made the beedle
The amount a borrower pays to a lender for a loan
What is interest rate?
A period of significant decline in business
What is a recession?
A market structure with a small number of businesses selling the same or similar products
Whats a Oligopoly?
Components necessary to produce a societies goods and services
What are the Factors of production?
porsche
What car company made the 9/11
Gross domestic product
What is a GDP
The lowest stage of a business cycle and usually marks the end of a recession
What is a Trough?
A market structure with one business that has complete control of a market's entire supply of goods and services
What is a Monopoly?
People who recognized the need for new and improved goods
What are Entrepreneurial resources?