What is planning and executing the conception, pricing, promotion, distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives.
100
Demand
What is the consumers willingness and ability to buy products.
100
Super Bowl
What is the biggest sports event of the year?
100
All the people who work in the economy
What is labor force?
100
Land, Labor, Capital, and Enterpreneurship
What are the four categories that comprise the factors of production?
200
Product
What a business offers to satisfy needs?
200
Supply
What is the amount of goods producers are willing to make and sell.
200
Billion Dollars
How much money is spent on the super bowl each year?
200
Market Economy
What is the economy the US has?
200
Canada, Great Britian, Germany, Sweden
What countries are categorized as socialist?
300
Distribution
What is involing locations and methods used to make products available to customers.
300
Equilibrium
What is the amount of products supplied is equal to the amount of product demanded.
300
$400-$600
What is the price range for the tickets of the super bowl?
300
A system in which government controls the factors of production and makes all decisions about their use.
What is command economy?
300
Gross Domestic Product
What does GDP stand for?
400
Promotion
What is describing ways to make customers aware of products and encourage them to buy.
400
Factors of Production
What is technical term economist's use for resources?
400
Advertising
What is most of the money spent on for the super bowl?
400
An economic system characterized by private ownership of businesses and marketplace competition.
What is capitalism?
400
Rising Prices
What is inflation?
500
Demographics
What is common characteristic of a group such as a age range, marital status, gender, ethnic background, income level, and education level.
500
Infrastructure
What is the phyiscal development of a country including its roads, ports, sanitation facilities, and utilities.
500
To offer appealing entertainment at the right price to attract maximum attendence.
What is the goal of the state fair planners?
500
To keep prices low for all people and to provide employment for many.