Терміни

Employers are able to employ the optimum number of workers and productivity increases.

Customers charge purchases to their accounts for payment at a later data.

Promotion is a key part of marketing because it is the way business gets their messages to consumers.

Long-term financing is money that will be used for a year or more.

Firm’s capacity is the maximum number of units it can produce.

A market is where buyers and sellers come together.

Competition motivates producers to improve the quality and increase the variety of goods and services.

Auction will offer more of a product at a higher price and less at a lower price.

A budget is a financial plan that summarizes income and expenditures over a period of time.

A market in which there is only one seller is a monopoly.

A nation’s standard of living is measured by the amount of goods and services available to its citizens.

A partnership is a business organization that is owned by two or more persons.

A security exchange is a market where brokers meet to buy and sell stocks and bonds for their customers.

A sole proprietorship is a business owned by one person.

About 50 percent of entrepreneurs start their businesses in industries in which they have some experience.

All debts and all problems associated with the business belong to the owner.

As a national goal, economic efficiency refers to the entire economy’s ability to get the most out of its limited resources.

Banks and savings institutions protect your money against fire, theft and other disasters.

Buyers and sellers are able to enter or to leave the market at will.

Buyers and sellers have full knowledge of the prices price quoted in the market.

Change accounts, credit cards, installment plans, car loans and household mortgages are some of the best known forms of credit.

Coke is a trademark of the Coca-Cola Company.

Consumers are people who use goods and services to satisfy their wants.

Corporations sell stocks and bonds as a way of raising capital.

Demand is a consumer’s willingness and ability to buy a product or service at a particular time and place.

Economists often speak of the structure of a market.

Economists often use tables to illustrate and explain their work.

Equal denomination of money should have the same value.

Everyone goes through life having to make choices.

Fiscal policies must be timed so that they are applied at the right moment.

Fiscal policy is applied by changing the level of tax receipts relative to federal spending.

Fiscal policy solutions have several serious drawbacks.

Government in America functions at three levels.

If the business were to fail, its creditors would have the right to recover their money from any, or all, of the partners.

In a large business the tasks of organizing and operating are done by many hired managers.

In a monopoly supply is determined by a single firm.

In our economic lives we spend money to buy the things we want.

In some countries prices are set by the sellers.

Interest and rent are two forms of income that can be earned by wealth.

Many consumers, who are concerned about the environment, are refusing to buy soft drinks in plastics.

Many large corporations raise long-term capital through the sale of their bonds.

Market economics are directed by prices.

Money can be anything that is generally accepted in payment for goods and services.

Money, therefore, is the medium that enables exchanges to be made easily.

More people can afford to buy an item at a lower price than at a higher price.

Net worth is the difference between assets and liabilities.

New technologies can be used by business to improve productivity.

One of the principal advantages of money over barter is its ability to be divided into parts.

Ownership of a corporation is represented by shares of stock, and for that reason corporate owners are known as stockholders.

Payment for the use of someone else’s money or capital is called interest.

People who come from families whose member were in business themselves are more likely to start their own companies.

Price stability refers to time during which prices remain constant.

Productivity is a measure of how efficiently we work.

Property insurance protects policyholders against the loss or damage of their property.

Property owners know they will make a profit if they can produce goods and services that buyer’s want, at a price they are willing to pay.

Salary refers to earning paid on a weekly or monthly basis.

Scarcity exists because human wants are virtually unlimited, whereas the necessaries to satisfy those wants are limited.

Similarly, firms need money to begin operation, to meet their day-to-day expenses and to expand.

Societies obtain goods and services either by producing them themselves or by trading what they produce.

The federal government can also finance its debts by printing money.

The money you are most familiar with, currency, consists of the paper money and coins that you use almost daily.

The price paid for the use of labor is called wages.

The price paid for the use of land is called rent.

The price system provides the answer to the fundamental questions of what goods and services will be produced, how they will be produced, and who will receive them.

The principal difference between a barter economy and a money economy is that in a barter economy you must find someone who has what you want and wants what you have.

The products of certain industries such as aluminium, chemicals and electronics, are protected by patents.

The resources or factor of production as they are called, are land, labor, capital and entrepreneurship.

There is a direct relationship between the amount of money in circulation and the level of business activity.

Those who buy stocks to share in the profits and growth of a corporation over a long period of time are described as “investors”.

Traditional economic systems are usually found in the more remote areas of the world.

Under conditions of perfect competition market price could be found at the intersection of the supply and demand curves.

When government reduces taxes to fight a recession, it often creates a budget deficit.

When property applied, fiscal policies can provide effective tools with which to fight recession and inflation.

When taxes are reduced, individuals and business firm will have more money available to spend for the things they want.

Yield depends on the rate and the frequency of compounding.