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Week 2 Chapter 1 Class Assignment

Define business. (5) pointsWhat are the resources a business needs to be successful? Explain each resource. (20) pointsWho are the stakeholders in a business? (5) pointsExplain the term “visible hand”. (20) pointsExplain a market economy. (10) pointsExplain command economy. What are the types? (20) pointsWhat are the common measures used to evaluate a Nation’s Economic Health? (10) pointsExplain monopolistic competition. (10) pointsExplain oligopoly. (10) pointsExplain monopoly. (10) points

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