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  • competition economy is a rivalry among sellers trying to achieve such goods as increasing profits, market share, by varying the elements of marketing.
  • Tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights, such as land, buildings, money, copyrights, patents, etc.
  • higher purpose is important because its something to strive for that is bigger than you. We all want to matter and to make a difference in the world, at work, or in someone else's life.
  • stakeholders are important because its an independent party with whom each of those who make a wager deposits the money or counters wagered. this helps people trust other people with their money
  • culture is important because Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. 
  •  leadership the action of leading a group of people or an organization. this is important because without a leader your company will not run well at all. every business needs a leader and so does everything else in the world.
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