Entrepreneurship and Economics Review

Consumers’ willingness and ability to buy aproduct

Which economy would best describe that of theUnited States?

Government raises interest rates during thisperiod

 Goods and services sold to other countries

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

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

When supply exceeds demand

The process of starting and operating your ownbusiness

Owned and operated by more than one person

Period of renewed economic growth

Provides inspection, grading, and certificationof meat

when supply meets demand

Monitors our economy, and controls our monetarysupply

Potential for loss or failure

1.      Amount of goods producers are willing to makeand sell

A countries economic system that is based onculture and traditions

What you own

A struggle between companies for customers

Economic slowdown lasting at least 6 months

All things used in producing goods and services

Legal agreement to sell a parent company’sproducts or services

Regulates labeling of cosmetics andpharmaceuticals

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

 Money to start and operate a business

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

Economic slowdown lasting at least 6 months

Sole control over a product or the means ofproducing it

What you owe

Agreement comprised of US, Canada, and Mexico

Coalition of nations that make rules governing internationaltrade