Entrepreneurship and Economics Review

Economic slowdown lasting at least 6 months

Government raises interest rates during thisperiod

Coalition of nations that make rules governing internationaltrade

Economic slowdown lasting at least 6 months

Agreement comprised of US, Canada, and Mexico

Consumers’ willingness and ability to buy aproduct

What you owe

 Money to start and operate a business

A countries economic system that is based onculture and traditions

The process of starting and operating your ownbusiness

which agency was established to protecthuman health and monitor air and water pollution

All things used in producing goods and services

In economic terms, land, labor, capital, andentrepreneurship refer to

Monitors our economy, and controls our monetarysupply

1.      What is the organized way a nation provides forthe needs and wants of its people? 

when supply meets demand

Sole control over a product or the means ofproducing it

 Goods and services sold to other countries

A struggle between companies for customers

Provides inspection, grading, and certificationof meat

Legal agreement to sell a parent company’sproducts or services

1.      Total ban on specific goods coming into andleaving a country

Which economy would best describe that of theUnited States?

Regulates labeling of cosmetics andpharmaceuticals

When supply exceeds demand

Period of renewed economic growth

What you own

Potential for loss or failure

1.      Amount of goods producers are willing to makeand sell

Owned and operated by more than one person