BUS-110-M1D Week 2 Chapter 2 Key Terms
BUS-110-M1D Week 2 Chapter 2 Key Terms BUS-110-M1D
Popular in Introduction to Business
Popular in Business
This 1 page Class Notes was uploaded by Ryan Notetaker on Monday August 22, 2016. The Class Notes belongs to BUS-110-M1D at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months taught by Leruth M. Sisson in Summer 2016. Since its upload, it has received 9 views. For similar materials see Introduction to Business in Business at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months.
Reviews for BUS-110-M1D Week 2 Chapter 2 Key Terms
Report this Material
What is Karma?
Karma is the currency of StudySoup.
Date Created: 08/22/16
Economy : supply and demand; producers and consumers; supply curve; demand curve Economics : study of the wealth of a country or nation Macroeconomics : the overall aspect of a nation’s economy Microeconomics : smaller portions of a nation’s economy Fiscal Policy : the government controls all Monetary Policy : a central bank controls all Capitalism : private owners; country’s trade and industry Socialism : community owns and controls production, distribution, and exchange Communism : dictated country where the government controls every little aspect of the economy and family life as a whole GDP : growth domestic product; the sum of all economic activity Business Cycle : expansion, depression, recession, recovery, CPI : consumer price index; average prices PPI : producer price index; change in prices over period of time