economy
what is capital?
all the tools and equipment and machinery in a business
What is GDP?
Gross Domestic Product
what is a contract?
a legally binding agreement
what is a trait?
a quality of an employee or a person
who is a digital citizen?
someone who uses the internet
what is a traditional economy?
it is where the decisions made by the company are based on morals, customs, and values
What is interest?
the amount a borrower pays a lender for the loan
what is an offer?
proposal to provide a good or a service
what is a mentor?
someone who teaches another person
what is digital literacy?
it is the ability to use the internet
what is a command economy?
the government makes all decisions for citizens
what is deflation?
General decline of prices in the economy
what is capacity?
it means a person s legally able to enter a law binding agreement
what is planning?
the process of setting goals for accomplishment in the workplace
what is cyber bullying?
bullying though the internet
what is a mixed economy?
both the governments and individuals makes the economic decisions
What is inflation?
general increase of inflation of prices
basic expectations of customers
what are transferable skills?
they help an individual in the workplace
what is intellectual property?
something that comes from another person's mind
What is supply and demand?
it means the price of a product is determined by the demand or want of the product
what is a labor force?
all the people in a nation that are capable of work
what is a recall?
an order to remove unsafe products
what are the 5 P's of entrepreneurship?
Purpose
Passion
Persistence
People
Profit
what is a licensing agreement?
it is a contract that allows someone to use another person's info and research