The document provides an overview of business concepts and economic systems. It discusses the key factors of production, different types of economic systems including planned and market economies, and characteristics of the US mixed market economy. The US system uses private enterprise, markets, supply and demand, and varies levels of competition. Economic goals include stability, full employment, and growth, which are assessed using measures like GDP, productivity, and balance of trade. Government policies around fiscal and monetary policies help manage the economy.

1. Chapter 1 Understanding the U.S. Business System

18. Demand & Supply 1- 1- Demand and Supply Schedules Quantity of Quantity of Price Pizzas Demanded Pizzas Supplied $2 2000 100 $4 1900 400 $6 1600 600 $8 1200 800 $10 1000 1000 $12 800 1200 $14 600 1300 $16 400 1600 $18 200 1800 $20 100 2000

19. Demand & Supply Quantity of Pizzas Demanded Price of Pizzas Demand Curve   1- 1- 200 - 400 - 600 - 800 - 1000 - 1200 - 1400 - 1600 - 1800 - 2000 - $20 - 18 - 16 - 14 - 12 - 10 - 8 - 6 - 4 - 2 -

20. Demand & Supply Quantity of Pizzas Supplied Supply Curve   1- 1- 200 - 400 - 600 - 800 - 1000 - 1200 - 1400 - 1600 - 1800 - 2000 - $20 - 18 - 16 - 14 - 12 - 10 - 8 - 6 - 4 - 2 - Price of Pizzas

21. Demand & Supply Quantity of Pizzas per Week Demand Curve Supply Curve Equilibrium Price  1- 1- 200 - 400 - 600 - 800 - 1000 - 1200 - 1400 - 1600 - 1800 - 2000 - $20 - 18 - 16 - 14 - 12 - 10 - 8 - 6 - 4 - 2 - Price of Pizzas