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Presentation transcript:

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These groups often use the internet to spread propaganda.

Extremist

Things people create, such as books, movies, music, and software.

Intellectual Property

Individual part of a parties platform.

Plank

Internet discussion forum that allows you to post and read postings on a particular topic.

Newsgroup

Mass communication system of millions of networked computer.

Internet

Expenses that increase as production grows.

Variable Costs

System where private citizens own most of the means of production.

Capitalist

The study of how we make decisions in a world of limited resources.

Economics

Things we would like to have to make life more comfortable

Wants

Variable costs plus fixed costs.

Total Cost

Term refers to the extent to which change in prices causes a change in demand.

Demand Elasticity

Knowledge of demand is necessary to understand how this economy works.

Market Economy

Demand is this when a change in price causes a relatively larger change in the quantity demanded.

Elastic

When quantity demanded is greater than quantity supplied.

Shortage

Term when various quantities of a good or service that producers are willing to sell at all possible market prices.

Supply

A business that has many rights and responsibilities of an individual.

Corporation

Ownership shares of a corporation.

Stocks

Businesses are required to treat all workers fairly and without this.

Discrimination

Name of a business owned by two or more people.

Partnership

Payment people receive when they lend money.

Interest

Money that is left over after paying for the necessities.

Discretionary Income

Legislature that has two parts or houses.

Bicameral

Files of older stories.

Archives

Person or party filing a lawsuit.

Plaintiff

Expenses that are the same no matter how many units of a good are produced.

Fixed Costs