Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Entrepreneurship 1.1

Vocab

QuestionAnswer
Entrepreneur An individual who undertakes the creation, organization and ownership of an innovative business with potential for growth.
Venture New business undertaking which involves risk.
Economics Study of how people use their resources to satisfy wants and seeds.
Free Enterprise System 1. People choose what to buy. 2. People can own property. 3. People can choos to start a business to make a profit. 4. Competition forces companies to improve quality and become more efficient.
Profit Revenue
Oligopoly The market condition that exists when there are few sellers, as a result of which that can greatly influence price and other market factors.
Goods Merchandise
Services Providing an activity.
Need Required for survival.
Want Not required for survival, only for comfort.
Factors of Production Labor, Entrepreneurial, Capitol, Land
Scarcity Short supply.
Market Structure Nature and degree of completion among businesses in the same industry.
Monopoly Exclusive control of a commodity or service in a particular market.
Demand To call for or require as just, proper, or necessary.
Elastic Demand Change in price creates change in demand.
Inelastic Demand Change in price has little effect on demand.
Diminishing Marginal Utility Price alone does not determine demand.
Supply To furnish or provide with what is lacking or requisite.
Equilibrium A state of rest or balance due to the equal action of opposing forces.
Gross Domestic Product Gross national product excluding payments on foreign investments.
Business Cycle Periodic random of expansion and contraction the economy goes through.
Created by: mpieschl
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards