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Economic systems and the business environment

Factors of production, the main economic systems, supply and demand, market structures, the macroeconomic indicators and the fiscal and monetary levers that move them.

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  • Anverso barriers to entry
    Reverso Factors, such as technological or legal conditions, that prevent new firms from competing equally with an existing firm.
  • Anverso business
    Reverso An organization that strives for a profit by providing goods and services desired by its customers.
  • Anverso business cycles
    Reverso Upward and downward changes in the level of economic activity.
  • Anverso capital
    Reverso The inputs, such as tools, machinery, equipment, and buildings, used to produce goods and services and get them to the customer.
  • Anverso capitalism
    Reverso An economic system based on competition in the marketplace and private ownership of the factors of production (resources); also known as the private enterprise system.

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Licencia
Creative Commons Attribution 4.0 International CC-BY-4.0
Atribución
Source : https://openstax.org/books/introduction-business/pages/preface — Licence : Creative Commons Attribution 4.0 International (https://creativecommons.org/licenses/by/4.0/)
Fuente
OpenStax — Introduction to Business (first edition)
Obtenido el
Tema
Humanidades
Idioma
English
Versión
3
Actualizado el

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