1 / 5

Week 2 – Day 1

Week 2 – Day 1. Incentive Something that influences behavior Sentence: Competition Methods used by businesses to gain more customers and earn higher profits Sentence:. Week 2 – Day 2. Barter To trade goods and services without using money Sentence: Standard of Living

holly
Télécharger la présentation

Week 2 – Day 1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Week 2 – Day 1 Incentive Something that influences behavior Sentence: Competition Methods used by businesses to gain more customers and earn higher profits Sentence:

  2. Week 2 – Day 2 Barter To trade goods and services without using money Sentence: Standard of Living A level of material comfort in everyday life that is measured by the goods and services available to an individual, group, or nation Sentence:

  3. Week 2 – Day 3 Circular Flow Model of an economy showing the interactions between households and businesses as the exchange goods, services, and resources in markets Sentence: Invest To use money to gain a profit Sentence:

  4. Week 2 – Day 4 Economic Systems The way a society organizes the production, consumption and distribution of goods and services Sentence: Interest Payments made for the use of money Sentence:

  5. Week 2 – Day 5 Profit The money a business makes after it pays its production costs Sentence: Loss The money a business loses after it pays its production costs Sentence:

More Related