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10 Cards in this Set
- Front
- Back
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Demand
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the amount service buyers are willing and able to buy at diffferent prices
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Capitalism
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the system in which the buyers and sellers decide on a price at which the good should be sold
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Economies of scale
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Largest size goods sell cheaper than smallest size goods
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Land
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Natural resources
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Labor
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Work
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Capital
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Equipment necessary to sell goods
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Technological change
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change from old technology to new technology
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Retail
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the selling of goods in a physical store
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Consumer gas prices
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teh way fuel cuts into economy
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The mortage crisis
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Banks were giving out loans to easily and the people couldn't pay them back so the prices of houses went up which increased the rate of homeless peopl and made it harder to get loans
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