Show:
Stock Market
Economic Systems
Scarcity
Business
Economy
100
What are stocks?
Ownership in a corporation
100
What is a traditional economy?
Barter economy, you follow in your parents' footsteps
100
What are natural resources?
trees, plants, water
100
What is a sole proprietorship?
one owner, unlimited liability
100
What is the unemployment rate?
8.5%
200
What is a mutual fund?
A company that diversifies investments for you
200
What is a command economy?
Government controls everything
200
What are human resources?
labor force, skilled
200
What is a partnership?
two or more people, unlimited liability
200
What is the business cycle?
changes in the economy
300
What does it mean to diversify?
Spread your investments around to limit risk
300
What is a market economy?
Freedom of business and consumers, United States
300
What are capital resources?
machines, buildings, tools
300
What is corporation?
multiple people, limited liability
300
What are the four stages of the business cycle?
posperity, recession, depression, recovery
400
What is capital gain?
The difference between the lower purchase price and the higher selling price
400
What is capitalism?
Free choice, little government involvement
400
What is opportunity cost?
What one gives up for something else
400
Who or what is an entrepreneur?
a person with a new idea or business
400
How can you save money in the grocery store?
store-brand, coupons
500
Who are the three types of investors? Explain each one.
Conservative, Moderate, Speculative
500
What is socialism?
Both public and private ownership
500
What is scarcity?
not enough resources to meet people's wants and needs
500
Explain limited and unlimited liability:
Limited- no responsibility for debt Unlimited- all responsibility for debt
500
What is liquidity?
money is accessible