When does depression occur
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When trough of business cycle extends 2+ years
When output grows more quickly than the population two things follow
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(1) output per capita goes up and (2) the system provides relatively more of
the goods and services that people want
Cartel
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Association of producers whose purpose is to control the supply and price
of a commodity
4 factors for small business success
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-hard work, drive & dedication
-market demand for the product/ service
-managerial competence
-luck
Inflation
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Evident when amount of money injected into economic system outstrips
the increase in actual output
Most common sources of debt financing
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Financial institutions, suppliers (trade credit)
, Poison pill
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Defence tactic management adopts to make a firm less attractive
WTO 3 Goals
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-promote trade by encouraging members to adopt fair trade practices
-reduce trade barriers by promoting multilateral negotiations
Advantages of partnership
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Ability to grow by adding talent and money, easier to borrow funds, simple
to organize w/ few legal requirements, partnership agreement is strictly
private document, no laws require partners to file agreement w/ gvt
agency, not legal entity
Market economy
Give this one a try later!
Give this one a try later!
When trough of business cycle extends 2+ years
When output grows more quickly than the population two things follow
Give this one a try later!
(1) output per capita goes up and (2) the system provides relatively more of
the goods and services that people want
Cartel
,Give this one a try later!
Association of producers whose purpose is to control the supply and price
of a commodity
4 factors for small business success
Give this one a try later!
-hard work, drive & dedication
-market demand for the product/ service
-managerial competence
-luck
Inflation
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Evident when amount of money injected into economic system outstrips
the increase in actual output
Most common sources of debt financing
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Financial institutions, suppliers (trade credit)
, Poison pill
Give this one a try later!
Defence tactic management adopts to make a firm less attractive
WTO 3 Goals
Give this one a try later!
-promote trade by encouraging members to adopt fair trade practices
-reduce trade barriers by promoting multilateral negotiations
Advantages of partnership
Give this one a try later!
Ability to grow by adding talent and money, easier to borrow funds, simple
to organize w/ few legal requirements, partnership agreement is strictly
private document, no laws require partners to file agreement w/ gvt
agency, not legal entity
Market economy
Give this one a try later!
