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- Define business. (5) points
- What are the resources a business needs to be successful? Explain each resource. (20) points
- Who are the stakeholders in a business? (5) points
- Explain the term “visible hand”. (20) points
- Explain a market economy. (10) points
- Explain command economy. What are the types? (20) points
- What are the common measures used to evaluate a Nation’s Economic Health? (10) points
- Explain monopolistic competition. (10) points
- Explain oligopoly. (10) points
- Explain monopoly. (10) points
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Week 2 Chapter 1 Class Assignment