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Free competition
what is the market economic system
Your bike, your computer, your phone, examples of...
What is private property
The money spent to operate a business
What is operating expense
Tornadoes, fires, and earthquakes are a type of?
what is a hazard risk.
Wendy's and Mcdonalds
What is Direct competition
Welfare states
What is socialist command economic system
The basic role of the US government
What is protect US citizens
Working faster can increase your what?
What is efficiency
To stay or keep away from?
What is avoiding.
Coupon for 5 dollars off a pizza
What is Price competition
When the government sets production quotas
what is socialist command economic system
A private enterprise economic system
what is price directed system
When the income is greater then the expenses
What type of risk is inflation?
What is a financial risk
offering customer service
What is non price competition
The lack of growth and progress
what is traditional economic system
What is the disadvantage of private enterprise
What is periods of unemployment
What is money spent on running a business
If there is a loss or no gain
What is a speculative risk?
Competition between Netflix and Youtube
What is Indirect competition
sweden
what is a socialist command economic system
economic basis for private enterprise
what is profit motive
What is a momentary reward?
What is profit
To fade away over time/ not needed?
What is obsolescence?
The competition between Hulu and cable
What is indirect competition