Economic Terms
Founder of Economics wife's name
Mrs. Smith
What is the term for the financial gain made in a transaction?
Profit
What is the Japanese term for a business card?
MEISHI
What is the traditional Japanese corporate culture emphasizing group harmony and loyalty?
WA
Known for minimalist Scandinavian design, this company encourages customers to build their own furniture.
IKEA
What is the term for the total market value of all final goods and services produced in a country in a year?
GDP
What is the process of examining financial records for accuracy and compliance?
Audit
What is the Japanese concept of obligation or moral debt in business relationships?
GIRI
What is the Japanese term for lifetime employment, a traditional system in large corporations?
SHUSHIN
This company was originally called “BackRub” and now dominates the world’s search traffic.
What is the economic term for government income from taxes and other sources?
Revenue
What is the term for the management of large quantities of goods and services?
What is the Japanese term for consensus decision-making?
NEMAWAHSI
WHEN ONE OF THE PARENTS WORKS AND LIVES AWAY FROM HOME FOR BUSINESS?
TANSHINFUNIN
Founded by two Stanford students, this company turned videos into a global platform.
YOUTUBE
What is the process of making goods?
Production
What is the term for a planned economy where the state controls resources?
Socialism
What is the term for after-work socializing, often involving drinking, crucial in building workplace relationships?
NOMIKAI
What is the name for a seniority-based promotion system in Japanese companies?
NENKO
This financial services company’s name is synonymous with “plastic money.”
VISA
What is the name of a person or group who owns a part of a company?
Shareholder
What is the term for a legal combination of two companies?
MERGER
What is the Japanese term for a worker dispatched from an agency, not a permanent employee?
HAKKEN
What is the Japanese economic term for a prolonged period of economic stagnation, especially referring to the 1990s?
DEFURE
This company originally made items for "The Working Man." Founded in the 1800's in San Francisco
LEVIS