Maslow's Theory
The scientific study of the human mind and its functions, especially those affecting behavior in a given context .
What is psychology?
The private ownership of resources by individuals rather than by the government.
What is Capitalism?
A market structure with one business that has complete control of a market’s entire supply of goods or services.
What is a Monopoly?
An incentive that encourages entrepreneurs to take business risks in the hope of making a profit.
What is the profit motive?
What was the name of Drake's 2021 album?
What is Certified Lover Boy?
Food, sleep, water, shelter and air are all part of this need.
What is Physiological?
In this type of economy, production decisions are made by the government and few choices exist in the marketplace.
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What is a Command Economy?
Raw materials supplied by nature.
What is a Natural Resource?
What is an important factor when starting a business .
Money, Employees, Location Name of the Business?
Where is Captain America from?
What is Brooklyn New York?
Respect and recognition are part of this need.
What is Esteem?
Occurs when people's needs and wants are unlimited and the resources to produce the goods and services to meet those needs and wants are limited. .
What is Scarcity ?
An Entrepreneur would be considered to be this type of resource.
What is a human resource?
A legal entity that is separate and distinct from its owners. There is limited liability and shareholders profit through dividends and stock .
What is a Corporation?
How Many NBA Championships Did Kobe Bryant Win?
What is 5?
To realize your potential.
What is Self-Actualization?
The amount of an asset or resource that exceeds the portion that's actively utilized.
What is a Surplus?
Details the way a market is organized based on the number of businesses competing for sales in an industry..
What is a Market Structure?
a calculation of the profit (or loss) for each unit of sale made by a business.
What is Economics of One Unit or EOU?
How often are the Olympics held?
What is every 4 years?
What is the third level of Maslow's Pyramid and what are the basic needs of this level?
What is the Love Belonging?
The state in which supply and demand balance each other, and as a result prices become stable.
The Equilibrium?
Those resources that are in very high demand or that have a limited supply will command this.
What is inflation?
Who is the founder of NIKE.
Who Phil Knight?
What does Dory from Finding Nemo suffer from?