Show:
Private Sector
Types of Buisness
Exports etc.
Other
Circular Flow
100
the authority of customers to determine what is produced through their purchase of goods and services
What is consumer sovereignty?
100
a buisness organization controlled by a single management
What is a buisness firm?
100
products that a country buys from other countries
What are imports?
100
spending on capital goods to be used in producing goods and services
What is investment?
100
goes from households to finanical intermediaries
What is savings?
200
households buisnesses and the international sector
What is the private sector?
200
a buisness owned by one person who recieves all the profit and is responsible for all the debts incurred by the business
What is a sole prorietorship?
200
products that a country sells to another country
What are exports?
200
institutions that accept deposits from savers and make loans to borrowers
What are financial intermediaries?
200
goes from finanical intermeidaries to firms
What is investment?
300
one or more persons who occupy a unity of housing
What is a household?
300
a buisness with two or more partners who share the firms profit or losses
What is a partnership?
300
imports < exports
What is a trade surplus?
300
diagram showing the exchange of resources and money in the economy
What is the circular flow diagram?
300
the exchange of payment for goods and services and goods and services
What is the product market?
400
person in whose name the house or apartment is owned or rented
What is a householder?
400
a legal entity owned by shareholders whose liablity for the firms losses are limited to the value of the stock they own
What is a corporation?
400
imports > exports
What is a trade deficit?
400
totally resposible for the debt of your buisness
What is unlimited liability?
400
the exchange of resources for payent of resources
What is the factor market?
500
household spending
What is consumption?
500
a firm that owns and operates producing units in a forigen country
What is a multinational buisness?
500
value of exports - value of imports
What is net exports?
500
profit is taxed twice because you pay corporate profit tax--> take a dividend and then pay personal income tax
What is double taxation?
500
the exchange from businesses and firms to forigen countries
What is net exports?