Covers: 1. the definition of a business 2. the types of economic systems 3. Measuring economic performance 4. the types of competition 5. The business environment
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Created by Chandré Matlala
over 7 years ago
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Close
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Created by Chandré Matlala
over 7 years ago
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Business
Three types of businesses
Manufacturing businesses
Service Businesses
Marketing intermediaries
Profit
Stakeholders
Factors of production
Capitalism
Invisible hand theory
-by Adam Smith
Market economy
Mixed economies
Households
Businesses
Governments
Command Economies
Socialism
Aim of socialism
Disadvantages of socialism
Communism
Aim of communism
Productivity
Important aspects of improving productivity
The Business Cycle
Types of competition
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
PESTLE Analysis
Political Environment
Economic environment
Social Environment
Technological environment
Legal environment
Environmental environment
