Topics of this game:
- The point where supply and demand curves meet.
- The Government's role in business that affects production.
- Demand that reacts to a change in price.
- The study of economic behavior of individuals.
- Mutual reliance between two or more groups.
- Situation in which supply exceeds demand.
- Wanting something and being able to buy it
- People buy less of the item they need that has increased in price without increasing purchases of other items describes the
- Supply and demand determines market prices
- Distribution based on need or merit
- Legal obligation to pay debt.
- Its owners are personally responsible to pay any debt the business owes.
- Business owners are only responsible to pay as much as they own stock in the business.
- If a business owner dies or quits.
- Pay taxes on profits and shareholders also pay taxes on thier dividends (money paid to shareholders).
- Who is responsible for operating a business on a daily basis?
- Different business organizations are taxed differently. This includes single and double taxations.
- More sellers makes a market more competitive.
- Fewer barriers make a market more competitive.
- A market with fewer price controls is more competitive.
- How is one good or service different from others?
