Economics Reading
Economics Reading |
 Final Exam Review Sheet: Be sure to be familiar with the following terms & names: Economics Wants vs. Needs Capital Opportunity Costs Production Possibilities Curve Scarcity Competition Economic Systems Traditional Economy Market Economy Command Economy Key economic questions Specialization Business Organizations Sole proprietorship Partnerships Corporations Non-profit organizations Multi-nationals Barter Banking – types of banking institutions Money - types of money Liquidity – liquid assets Diversification FDIC Bonds – corporate – Govt – municipal Stocks – common – preferred – growth – income Bull & Bear The Dow Jones Industrial Average Compounding Personal financial planning Steps to financial planning Financial goals Supply & demand Business Cycle Types of credit – open & closed Credit Cards & their uses Finance charges Credit bureau Credit Counseling Bankruptcy Credit Score |