Economics
and
how it affects business
How economics conditions
affect businesses
What is economics?
macroeconomics
microeconomics
Resource development
The secret to creating a wealthy economy
Adam Smith and the creation of wealth
How business benefit the community
Invisible hand
Corruption and the economy
Free-market capitalism
Capitalism
The right to own private property
The right to own a business and keep
all that business's profits
The right to freedom of competition
The right to freedom of choice
How free markets work
How prices are determined
The economic concept of Supply
The economic concept of Demand
The equilibrium point (market price)
Competition within free markets
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
Benefits and limitations
Socialism
Definition
Benefits of Socialism
Negative consequences of Socialism
Communism
Definition
Problems
Fiscal policy
and
Monetary policy
Fiscal policy
Monetary policy
The U.S. economic
system
Key economic
indicators
Gross Domestic Product (GDP)
The unemployment
rate
Frictional unemployment
Structural unemployment
Cyclical unemployment
Seasonal unemployment
Inflation and
Price indexes
Disinflation
Deflation
Stagflation
Consumer price index (CPI)
Producer price index (PPI)
Productivity in the United States
Productivity in the service sector
Business cycles
Economic boom
Recession
Depression
Recovery
The trend toward
mixed economies
Free-market economies
Command economies
Mixed economies
Comparisons of key economic systems