1.1 The US Business Environment Flashcards

1
Q

aggregate output

A

a

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2
Q

balance of trade

A

a

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3
Q

business

A

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4
Q

business cycle

A

a

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5
Q

capital

A

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6
Q

capitalism

A

a

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7
Q

communism

A

a

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8
Q

competition

A

a

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9
Q

consumer price index (CPI)

A

a

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10
Q

demand

A

a

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11
Q

demand and supply schedule

A

a

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12
Q

demand curve

A

a

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13
Q

depression

A

a

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14
Q

domestic business environment

A

a

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15
Q

economic environment

A

a

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16
Q

economic indicators

A

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17
Q

economic system

A

a

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18
Q

entrepreneur

A

a

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19
Q

external environment

A

a

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20
Q

factors of production

A

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21
Q

fiscal policies

A

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22
Q

global business environment

A

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23
Q

GDP per capita

A

a

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24
Q

gross domestic product (GDP)

A

a

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25
Q

gross national product (GNP)

A

a

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26
Q

inflation

A

a

27
Q

information resources

A

a

28
Q

labor (human resources)

A

a

29
Q

law of demand

A

a

30
Q

law of supply

A

a

31
Q

market

A

a

32
Q

market economy

A

a

33
Q

market price (equilibrium price)

A

a

34
Q

mixed market economy

A

a

35
Q

monetary policies

A

a

36
Q

monopolistic competition

A

a

37
Q

monopoly

A

a

38
Q

national debt

A

a

39
Q

natural monopoly

A

a

40
Q

nominal GDP

A

a

41
Q

oligopoly

A

a

42
Q

perfect competition

A

a

43
Q

physical resources

A

a

44
Q

planned economy

A

a

45
Q

political-legal environment

A

a

46
Q

private enterprise

A

a

47
Q

privatization

A

a

48
Q

productivity

A

a

49
Q

profits

A

a

50
Q

purchasing power parity

A

a

51
Q

real GDP

A

a

52
Q

recession

A

a

53
Q

shortage

A

a

54
Q

socialism

A

a

55
Q

sociocultural environment

A

a

56
Q

stability

A

a

57
Q

stabilization policy

A

a

58
Q

standard of living

A

a

59
Q

supply

A

a

60
Q

supply curve

A

a

61
Q

surplus

A

a

62
Q

technological environment

A

a

63
Q

unemployment

A

a