Possibility of loss or gain in business.
POB Economics 5.02 Vocab

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Other
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9th - 12th Grade
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Hard
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22 questions
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1.
FLASHCARD QUESTION
Front
Back
Business risk
2.
FLASHCARD QUESTION
Front
Economic system where production and distribution are government-owned.
Back
Command economic system
3.
FLASHCARD QUESTION
Front
A command economic system where the government controls the economy and prohibits private ownership.
Back
Communism
4.
FLASHCARD QUESTION
Front
Rivalry among businesses for customer dollars
Back
Competition
5.
FLASHCARD QUESTION
Front
Money a business pays for products or raw materials it sells.
Back
Cost of goods
6.
FLASHCARD QUESTION
Front
Rivalry among businesses offering similar goods/services.
Back
Direct competition
7.
FLASHCARD QUESTION
Front
Risks from changes in business conditions.
Back
Economic risks
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