200 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 Types of Businesses Factors Economic Systems President.

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Presentation transcript:

Types of Businesses Factors Economic Systems President and VP Basic Economics

-Business that is owned by one individual—most common form of business in the United States. Row Question

-single proprietor Row Answer

-Business that is owned by two or more people who are trying to pool their resources. Row Question

-partnership Row Answer

-Business that is owned by a great number of stockholders who share in the profits of the business yet risk only what they have invested. Row Question

-corporation Row Answer

-Economic idea that a person only risks the amount they have invested within a corporation. Row Question

-limited liability Row Answer

-Type of business that operates to provide a service and not to pay stockholders. Row Question

-non-profit Row Answer

-Name one of the four factors of Production? Row Question

- Row Answer

-Name one of the four factors of Production? Row Question

- Row Answer

Row Question -Name one of the four factors of Production?

- Row Answer

Row Question -Name one of the four factors of Production?

- Row Answer

-Which factors includes the machinery used to produce? Row Question

-capital goods Row Answer

-Primitive economy where almost everything is made by hand. Row Question

-traditional Row Answer

-Economic situation where the government is in control of the factors of production. Row Question

-command Row Answer

-Economic situation where individuals make most of the choices. Row Question

-market Row Answer

-Economic situation where individuals and government share the power over economic decisions with individuals owning smaller businesses and government owning the largest. Row Question

-mixed Row Answer

-Another name for the market economy where individuals risk their capital for a chance to gain a profit. Row Question

-capitalism/ free enterprise Row Answer

-These are the tools and machinery used to produce things? Row Question

-capital goods Row Answer

-This is the idea that there is not enough of a product for everyone to have and this fact causes goods to have a value. Row Question

-scarcity Row Answer

-This is the point where the amount available and the amount desired intersect? Row Question

-market / equilibrium price Row Answer

-Situation when demand is greater than the supply of a product---price will usually increase? Row Question

-shortage Row Answer

-Situation when supply is greater than demand---price will usually decrease? Row Question

-surplus Row Answer

-What branch includes the President and VP? Row Question

-Executive Branch Row Answer

-How long are the terms of Presidents? Row Question

-4 years Row Answer

-How old must a President be? Row Question

-35 Row Answer

-What is the citizenship requirement for a President? Row Question

-native born Row Answer

-This is the process of electing the President where each state is assigned a number of electors equal to its representation in Congress and a majority of electoral votes is required to be elected? Row Question

-Electoral College Row Answer