What are Stocks?
A stock represents a share in the ownership of a company.
Ownership of stock is represented by a stock certificate.
These days, you usually do not get the actual stock certificates any more. Instead,
your ownership is tracked electronical
Bank Savings Account: offered by all banks; yield a low interest rate.
Money Market Account: offered by banks and typically pays you a higher interest
rate than a regular savings account, but requires higher deposit.
CD or Certificate of Deposit: bank hol
Leadership vs. Management
In management, leadership means providing direction and vision for a company.
Being a manager is NOT the same thing as being a leader.
Managing is a job.
Managers focus on specific tasks and make sure the work gets done.
Economic Activity in a Changing World
The Historical Basis of Americas Economic System
Rooted in the Colonial Era
Bartering for necessary services
Rooted in the mid-1800s during the Industrial Revolution
What is Ethics?
Ethics is a set of moral principles by which people conduct themselves personally,
socially, or professionally.
For the good of society you recycle or go green to take care of the
Important Ethical Questions
3 Basic Economic Questions
1. What should be produced?
2. How should it be produced?
3. Who should share in what is produced?
What should be produced?
Every country must decide how to use its resources to meet the needs of its people.
It has to determine
Factors of Production
The science that deals with the production, distribution, and consumption of goods and services,
or the material welfare of humankind
Statements of Economics
Peoples wants and needs are unlimited.
When resources are l
What is a Business
Any activity that seeks profit by providing goods or services to others.
Provides you with necessities such as food, clothing, housing, medical care, and
Business Activities include:
An activity through which an individual can earn money
Education or special training may or may not be required
Safe, as stability of work and income is there
The pursuit of a lifelong ambition or the general course