Mon:-
Tues:2-close
Wed:2-close
Thurs:2-close
Fri:-
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Sun:-
Had meeting the pervious sunday (1st team sports meeting)
Tuesday, January 29, 2008
Monday, January 28, 2008
chapter19 Vocab
Economics: the field of study that tries to explains how people produce , distribute, and use goods and services.
Economic system: acountry's way of using resources to provide goods and services
Free enterprise:individulas or businesses may buy or sell and set prices with little gov't interference.
Consumers: people who buy and use goods and services
Producers:companies or individuals who make or provide goods and services .
Marketplace: is where buying and selling goods occur.
GDP:The total dollar value of all goods and services produced in the US during the year.
Inflation: occurs when the average prices of goods and services rise sharply.
Comsumer fraud:dishonest business practices used by people who are trying to trick or treat you.
Bait and Switch: a retailer advertise a bargain-the bait-to lure people into the store
Warrtanty: a guarantee that a product meets certain standards of quality.
Economic system: acountry's way of using resources to provide goods and services
Free enterprise:individulas or businesses may buy or sell and set prices with little gov't interference.
Consumers: people who buy and use goods and services
Producers:companies or individuals who make or provide goods and services .
Marketplace: is where buying and selling goods occur.
GDP:The total dollar value of all goods and services produced in the US during the year.
Inflation: occurs when the average prices of goods and services rise sharply.
Comsumer fraud:dishonest business practices used by people who are trying to trick or treat you.
Bait and Switch: a retailer advertise a bargain-the bait-to lure people into the store
Warrtanty: a guarantee that a product meets certain standards of quality.
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