intro to business

intro to business

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  • What's the difference between a want and a need?
  • A need is something that is necessary and a want is something you just want.
  • Great! There are 4 types of economies: Mixed, Traditional, Market, and command. If you went to buy a new phone, would you be the supplier or the demander?
  • The teacher is teaching the students about what an economy is.
  • You would be the demander because you want the new phone, your not giving them out.
  • BINGO! That is exactly right. How do business cycles work?
  • Very good. Class dismissed.
  • Theres 4 stages: Peak,Recession,Trough, and Recovery.
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