Show:
Economic Roles
Business Cycle
Decision Making Process
Economy
BOUNS
100
To vote your political involement
What is your citizen role ?
100
The movement of the economy from one conditon to another and back
What is a business cycle?
100
6
How many steps are in the decison making process ?
100
when a business does not like to change , do everything the same
What is a tradditonal economy
100
the product being sold
What is a good ?
200
You are apart of the process that supplies goods and services
What is your worker role?
200
Where demand for goods decrease
What is Recession ?
200
Define the problem
What is the first step ?
200
Market economy
What type of economy does the U.S. have ?
200
taxes
What is another word for tariff
300
Making decisions to buy or not to buy products and services
What is Consumer Role?
300
Prolonged period of unemployment and weak sales of goods and services
What is Depression ?
300
identify the choices
What is the second step?
300
conflict between unlimited wants and limited resources
What is scarcity ?
300
anything that you dont need but buy anyway
What is an example of a want?
400
the amount of goods or service that buisnesses are willing to provide
What is Supply ?
400
Unemployment begins to decrease demand for goods and services increase
What is Recovery?
400
Evaluate each choice Choose One
What is the third and fourth step?
400
controlled by the goverment
What is a command economy ?
400
Something that you cant live without
What is a need
500
the relationship between the amount of a good or service consumers are wiling and able to buy
What is Demand?
500
Where most people who want to work are employed
What is Prosperity ?
500
Act on your choice Review your decision
What are the last two steps in the process?
500
when economic resources are privatley owned by individuals of a business
What is Capitalism?
500
Cheif Executive Officer
What does CEO stands for ?