1.1 The US Business Environment Flashcards

1
Q

aggregate output

A

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2
Q

balance of trade

A

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3
Q

business

A

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4
Q

business cycle

A

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5
Q

capital

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6
Q

capitalism

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7
Q

communism

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8
Q

competition

A

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9
Q

consumer price index (CPI)

A

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10
Q

demand

A

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11
Q

demand and supply schedule

A

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12
Q

demand curve

A

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13
Q

depression

A

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14
Q

domestic business environment

A

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15
Q

economic environment

A

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16
Q

economic indicators

A

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17
Q

economic system

A

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18
Q

entrepreneur

A

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19
Q

external environment

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

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24
Q

gross domestic product (GDP)

A

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25
Q

gross national product (GNP)

A

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26
Q

inflation

27
Q

information resources

28
Q

labor (human resources)

29
Q

law of demand

30
Q

law of supply

31
Q

market

32
Q

market economy

33
Q

market price (equilibrium price)

34
Q

mixed market economy

35
Q

monetary policies

36
Q

monopolistic competition

37
Q

monopoly

38
Q

national debt

39
Q

natural monopoly

40
Q

nominal GDP

41
Q

oligopoly

42
Q

perfect competition

43
Q

physical resources

44
Q

planned economy

45
Q

political-legal environment

46
Q

private enterprise

47
Q

privatization

48
Q

productivity

49
Q

profits

50
Q

purchasing power parity

51
Q

real GDP

52
Q

recession

53
Q

shortage

54
Q

socialism

55
Q

sociocultural environment

56
Q

stability

57
Q

stabilization policy

58
Q

standard of living

59
Q

supply

60
Q

supply curve

61
Q

surplus

62
Q

technological environment

63
Q

unemployment