economics and its effects on business

Lisää tämän kaltaisia

SDG 15 - Life on Land

luonut Viviana Brun

Sample Mind Map

luonut Kristi Daniels

CHAPTER 2 TERMS AND CONDITIONS OF EMPLOYMENT

luonut Athirah Afendy

Business Model Canvas

luonut Hafizulhelmi Hanafi

Economics and how it affects business

The trend toward mixed economies

Comparisons of key economic systems

Mixed economies

Command economies

Free-market economies

The U.S. economic system

Business cycles

Recovery

Depression

Recession

Economic boom

Productivity in the service sector

Productivity in the United States

Key economic indicators

Inflation and Price indexes

Producer price index (PPI)

Consumer price index (CPI)

Stagflation

Deflation

Disinflation

The unemployment rate

Seasonal unemployment

Cyclical unemployment

Structural unemployment

Frictional unemployment

Gross Domestic Product (GDP)

Fiscal policy and Monetary policy

Monetary policy

Fiscal policy

Communism

Problems

Socialism

Negative consequences of Socialism

Benefits of Socialism

Definition

Free-market capitalism

Benefits and limitations

Competition within free markets

Monopoly

Oligopoly

Monopolistic competition

Perfect competition

The equilibrium point (market price)

The economic concept of Demand

The economic concept of Supply

How prices are determined

How free markets work

Capitalism

The right to freedom of choice

The right to freedom of competition

The right to own a business and keep all that business's profits

The right to own private property

How economics conditions affect businesses

How business benefit the community

Corruption and the economy

Invisible hand

Adam Smith and the creation of wealth

The secret to creating a wealthy economy

What is economics?

Resource development

microeconomics

macroeconomics