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Best place to live with most for your wages |
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Zurich? Vienna? Beauty is in the eye of the beholder. Moses Lake! |
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Chance things will go wrong |
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Payments to create revenue |
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Not for profit organization |
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Business hoping to have earnings equal costs to other goals are met |
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Raw materials, workers, capital, guts,facts needed to make stuff and give help |
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Gutsy people Smart risk takers |
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Workers who manufacture or merchandise information |
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Ages, sexes, interests of people who live in a particular town |
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How much work a worker can get done in a set amount of time |
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Local situation, choices, laws, traditions availasble for business |
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An economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. |
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a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party. |
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a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. |
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an economic system combining private and public enterprise. |
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Big picture of choices, nation, state, community |
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Little picture of choices, me, our family, my company |
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Money, goods, and services to round and round |
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Faster flow of goods and services |
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Gross Domestic Product GDP |
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How much a business produces each year within a country |
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Everybody who wants a job has one. |
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Math problem Total looking for a job/total working |
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Normal waiting time between jobs |
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Regional mismatch of skills and jobs |
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Business cycle caused unemployment |
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Winter, Summer, Christmas |
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Rising prices of goods and services |
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What your money will buy, compared to other times or places |
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Too much money chasing too few goods, Price is bid up |
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New union contract or materials cost forces a price hike |
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Same basket of goods and services is priced money after month. Base Data |
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Same basket of goods and services is priced money after month. Base Data |
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Government efforts to control the amount of money in the economy |
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The Fed (Federal Reserve System) |
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US Government setup to control monetary policy |
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Cutting back on money in system |
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Pumping money into the system |
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Congress and the President's efforts to take money or give money |
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Government efforts to control the amount of money in the economy |
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Government giving more out than taxing in |
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Accumulation of past deficits |
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Way to loan small amounts to the government. You own part of the future. |
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