click below
click below
Normal Size Small Size show me how
Deovian
Question | Answer |
---|---|
Types of Resources . | Natural , Human , Consumer , Capital |
What is a Corporation ? | a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. |
What is Supply and Demand ? | the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price. |
What is a Sole Proprietorship ? | type of enterprise that is owned and run by one person |
What is the 4 levels of the Business Cycle ? | peak, contraction or recession, trough and recovery or expansion. |
4 types of business Ownerships ? | Sole Proprietorship, Partnership, Corporation, and Limited Liability Company |
What are the three economic questions ? | What should we produce ? How should we produce it ? For whom should we produce it ? |