entrepreneurship

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Economics Neologisms

luonut Varvara Moskaliuk

Aims and Objectives

luonut franco wong

Set up a yoghurt ice cream store after 'A' Levels Exam - PDG 2612 Group 4

luonut Willianto Liang

FREE MARKET

luonut jacob mulligan

entrepreneurship

ownerships

Corporation

Partenership

Sole proportiership

Definitions

equilibrium price: point where demnd curve

routine decisions: regular decisions with less impact

Common stocks: shareholders become owners

prefered stocks: pays dividens to shareholders, does not represent ownership

Scarcity: limited resources

stocks: business share the value indicates the statues of the company

Profit: what is left of a business income after the expenses of doing business have been substracted.