Marketing-Economics

An economic decisions decides what , when, how much will be produced and distibuted

A period of prolonged reccesion

Includes everything contained in the earth or found in the sea

The government usually authoritarian, controls the factors of production

is a period of economic slow down that last for at least two quarters,or six months.

Measures wholesale price levels in the economy

Refers to the people who are willing to invest their time and money to run a business

Compromise four categories: Land,Labor,Capital, and Entreprenuership

Measures the change in price over a period of time of some 400 specific retail goods and ser.

The economy is flourishing, sometimes referred to as period of prosperity.

Includes money to start and operate a business

is output per worker hour that is measured over a defined period of time,week,month or year

Systems on its way to the communist ideal of a classless society.

Refers to all people who work

There is n government involvement in economic decisions

All the things used in producing goods and services

The organized way of a nation provides for the needs and wants of is people

reoccurring changes in economic activity

The difference between wants and needs and available resources

The physical development of a country

Signify a period of renewed economic growth following recession

political and economic philosophy by marketplace competition and private ownership of business

The output of goods and services produced by labor and property located within a country

The total dollar value of goods and services produced by a nation.

Refers to rising prices

traditions and rituals answer the basic questions of what,how, and for whom.