Economic Systems
This type of economic system has little to no government involvement.
Market System
This term is used for things you need for survival such as food, shelter, and clothing.
Needs
This term describes a rivalry among businesses.
Competition
Paralinguistics
Globalization
In this type of economy, everyone works together for the good of the country.
Traditional Economy
This term refers to having unlimited wants and needs, but only limited resources.
Scarcity
Factories and money refer to what factor of production?
Capital
This form of nonverbal communication is similar throughout cultures
Facial Expressions
This involves managing money and financial resources.
Finance Function
There are no pure economic systems; therefore, a majority of countries are this.
Mixed Economies
This happens to the price of a product when demand increases but supply remains the same.
Price Increases
Buying and selling goods and services online is called this.
E-commerce
This term is used to convey the non-verbal communication form of touch.
Haptics
The process of planning, organizing, directing, and controlling resources to achieve organizational goals is what function of business?
Command
The value of the next best alternative is that you give up when making a choice is this.
Opportunity Cost
This term includes protecting a business owner's ideas and creations.
Intellectual Property
Taking notes during a lecture is an example of this.
Active Listening
Designing a logo for a new business falls under what function?
Marketing Function
This political philosophy believes there should be multiple government programs to aid its citizens.
Market Shortage
What is the point that consumers buy all of a product that is supplied leaving neither a shortage or surplus?
Equilibrium or Market Price
This fosters trust, understanding and cooperation.
Empathy.
Enhancing communication, providing services efficiently, and meeting societal needs all can involve the use of this.
Technology