1.1 The US Business Environment Flashcards
1
Q
aggregate output
A
a
2
Q
balance of trade
A
a
3
Q
business
A
a
4
Q
business cycle
A
a
5
Q
capital
A
a
6
Q
capitalism
A
a
7
Q
communism
A
a
8
Q
competition
A
a
9
Q
consumer price index (CPI)
A
a
10
Q
demand
A
a
11
Q
demand and supply schedule
A
a
12
Q
demand curve
A
a
13
Q
depression
A
a
14
Q
domestic business environment
A
a
15
Q
economic environment
A
a
16
Q
economic indicators
A
a
17
Q
economic system
A
a
18
Q
entrepreneur
A
a
19
Q
external environment
A
a
20
Q
factors of production
A
a
21
Q
fiscal policies
A
a
22
Q
global business environment
A
a
23
Q
GDP per capita
A
a
24
Q
gross domestic product (GDP)
A
a
25
gross national product (GNP)
a
26
inflation
a
27
information resources
a
28
labor (human resources)
a
29
law of demand
a
30
law of supply
a
31
market
a
32
market economy
a
33
market price (equilibrium price)
a
34
mixed market economy
a
35
monetary policies
a
36
monopolistic competition
a
37
monopoly
a
38
national debt
a
39
natural monopoly
a
40
nominal GDP
a
41
oligopoly
a
42
perfect competition
a
43
physical resources
a
44
planned economy
a
45
political-legal environment
a
46
private enterprise
a
47
privatization
a
48
productivity
a
49
profits
a
50
purchasing power parity
a
51
real GDP
a
52
recession
a
53
shortage
a
54
socialism
a
55
sociocultural environment
a
56
stability
a
57
stabilization policy
a
58
standard of living
a
59
supply
a
60
supply curve
a
61
surplus
a
62
technological environment
a
63
unemployment
a
