Week 11 Alabama History

Front

What is a private enterprise?

Back

A private enterprise is a business or organization that is owned and operated by individuals or groups, rather than by the government.

Front

What is a public school?

Back

A public school is an educational institution that is funded and operated by government entities, making it a public enterprise.

Front

What is a surplus in economic terms?

Back

A surplus occurs when the supply of a product exceeds the demand for it, leading to excess inventory.

Front

What is demand in economics?

Back

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at various prices.

Front

What are exports?

Back

Exports are goods and services that are produced in one country and sold to another country.

Front

What is interdependence in economics?

Back

Interdependence is the mutual reliance between two or more parties, where each party depends on the other for goods, services, or resources.

Front

What is the difference between supply and demand?

Back

Supply refers to the amount of a product that producers are willing to sell at various prices, while demand refers to the amount that consumers are willing to buy.

Front

What factors can lead to a surplus?

Back

Factors that can lead to a surplus include overproduction, decreased consumer demand, and increased competition.

Front

How do exports impact a country's economy?

Back

Exports can positively impact a country's economy by increasing revenue, creating jobs, and promoting economic growth.

Tags

NGSS.HS-ETS1-3

Front

What role do private enterprises play in the economy?

Back

Private enterprises contribute to the economy by providing goods and services, creating jobs, and fostering innovation.