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business flash cards

s=flash cards for the business finals

TermDefinition
Liabilities What a company owes.
consumer a person who buys something.
budget surplus when the government spends less money then it takes in.
exchange rate comparing how much each countries currency is worth
Wholesaler a store that sells a large amount of items for a reasonable price.
natural resources raw materials supplied by nature
organized chart a chart that shows how a business is structured and who is in charged
sole proprietorship a business that you own by yourself
corporation a group of people that make up a business
partnership when to or more businesses work together
nonprofit a business that does not make any money but supports a good cause
supply the stock of a resource.
demand how much the consumer wants
quantity how much of a product a company have in total
import a good that we bring into a country
export a good that we send to another country
human resources people that make up the work force
consumer resources are experts who help consumers make good decisions
capital resources are goods produced to make other goods
command economy the government controls the economy
market economy a economy controlled by supply and demand
traditional economy they follow their ancestors footsteps
mixed economy a economy that is controlled by the people
economic questions what should we produce how should we produce it for whom should we produce it
depression the lowest point
recession a decrease in economy
recovery a economic comeback
prosperity the highest point in the economy
Created by: victor arreola
Popular Business sets

 

 



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