Big Business Vocabulary Flashcard

Front

amount of product available for sale?

Back

Supply

Front

willingness and ability to buy a product?

Back

Demand

Front

more than enough of a product?

Back

Surplus

Front

NOT having enough of a product?

Back

Deficit

Front

What is the term for 2 or more companies competing for business?

Back

Competition

Front

What is the amount of product for sale?

Back

supply

Front

When one company controls all or nearly all of one industry (like oil) it is a ​

Back

monopoly

Front

What is this picture showing?

Back

vertical integration

Front

Having MORE product than is needed is ___

Back

surplus

Front

not enough of a product

Back

deficit