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Ch. 3 Market Economy

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Chapter 3 –Market Economy Business Ownership Spring 2007 Williams C. Greene, (2000). Entrepreneurship Ideas in Action. Cincinnati, OH: South-Western.
Lesson 3.1 What is an Economy? ,[object Object],[object Object]
Scarcity ,[object Object],[object Object]
Command Economy ,[object Object],[object Object]
Market Economy ,[object Object],[object Object]
Which one is the U.S. ,[object Object],[object Object],[object Object]
Supply and Demand ,[object Object],[object Object],[object Object]
Supply ,[object Object],[object Object],[object Object]
Demand ,[object Object],[object Object],[object Object]
Equilibrium Price and Quantity ,[object Object],[object Object],Equilibrium Price
Monopoly ,[object Object]
Lesson 3.2 The Concept of Cost ,[object Object],[object Object]
Fixed Costs vs. Variable Costs ,[object Object],[object Object],[object Object],[object Object]
Marginal Benefits vs. Marginal Costs ,[object Object],[object Object],[object Object]
Opportunity Cost ,[object Object],[object Object],[object Object]

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Ch. 3 Market Economy

  • 1. Chapter 3 –Market Economy Business Ownership Spring 2007 Williams C. Greene, (2000). Entrepreneurship Ideas in Action. Cincinnati, OH: South-Western.
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