SlideShare a Scribd company logo

BUS110 Chap 2 - Understanding How Economics Affects Business

•Download as PPT, PDF•
•
Deborah Oronzio
Deborah Oronzio

The document discusses several key topics in economics: 1. It outlines the major branches of economics - macroeconomics which focuses on a nation's overall economy, and microeconomics which focuses on behavior in specific markets. 2. It describes different economic systems - capitalism with private ownership, socialism with some government ownership of utilities, and communism with government control of production. 3. It explains that most countries now use mixed economic systems that combine aspects of free markets and government intervention. Gross domestic product and productivity are used to measure economic activity.

BusinessTechnologyEconomy & Finance
1 of 20
* * Chapter Two Understanding How Economics Affects Business Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin
The MAJOR BRANCHES of ECONOMICS * What Is Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG1 * 2-
RESOURCE DEVELOPMENT * ,[object Object],[object Object],What Is Economics? LG1 * 2-
THOMAS MALTHUS and the DISMAL SCIENCE * The Secret to Creating a Wealthy Economy ,[object Object],[object Object],[object Object],LG1 * 2-
World Population Growth
ADAM SMITH the FATHER of ECONOMICS * Adam Smith & the Creation of Wealth ,[object Object],[object Object],[object Object],[object Object],LG1 * 2-
ADAM SMITH the FATHER of ECONOMICS ,[object Object]
Three Economic Systems 2- Communism Socialism Capitalism Mixed High Control Little Control Government
CAPITALISM * * Understanding Free-Market Capitalism ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG2 2-
Free-Market Capitalism Rights 2- ,[object Object],[object Object],[object Object],[object Object]
SOCIALISM * * Understanding Socialism ,[object Object],[object Object],[object Object],[object Object],[object Object],LG3 2-
COMMUNISM * * Understanding Communism ,[object Object],[object Object],[object Object],[object Object],LG3 2-
Where is This? ,[object Object],[object Object],2-
MIXED ECONOMIES * * The Trend Toward Mixed Economies ,[object Object],[object Object],[object Object],LG4 2-
GROSS DOMESTIC PRODUCT * * Gross Domestic Product ,[object Object],[object Object],[object Object],[object Object],[object Object],LG5 2-
US GROSS DOMESTIC PRODUCT Recession
PRODUCTIVITY * * Productivity in the United States ,[object Object],[object Object],LG5 2-
BUSINESS CYCLES * * The Business Cycle ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG5 2-
FISCAL POLICY * * Stabilizing the Economy Through Fiscal Policy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],LG6 2-
MONETARY POLICY * * Using Monetary Policy to Keep the Economy Growing ,[object Object],[object Object],[object Object],[object Object],[object Object],LG6 2-

Recommended

BUS110 Chap 5 - How to Form a Business
BUS110 Chap 5 - How to Form a Business BUS110 Chap 5 - How to Form a Business
BUS110 Chap 5 - How to Form a Business
Deborah Oronzio
 
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small BusinessBUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
Deborah Oronzio
 
BUS110 Chapter 18 - Financial Management
BUS110 Chapter 18 - Financial ManagementBUS110 Chapter 18 - Financial Management
BUS110 Chapter 18 - Financial Management
Deborah Oronzio
 
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
Deborah Oronzio
 
Chapter 5 how to form business
Chapter 5 how to form businessChapter 5 how to form business
Chapter 5 how to form business
Md.Ar-Rafiul islam
 
Chap005
Chap005Chap005
Chap005
Introbus110
 
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
Deborah Oronzio
 
Intro to Bus 110 MW - Chap002
Intro to Bus 110 MW - Chap002Intro to Bus 110 MW - Chap002
Intro to Bus 110 MW - Chap002
Introbus110
 

Recommended

BUS110 Chap 5 - How to Form a Business
BUS110 Chap 5 - How to Form a Business BUS110 Chap 5 - How to Form a Business
BUS110 Chap 5 - How to Form a Business
Deborah Oronzio
 
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small BusinessBUS110 Chap 6 - Entrepreneurship and Starting a Small Business
BUS110 Chap 6 - Entrepreneurship and Starting a Small Business
Deborah Oronzio
 
BUS110 Chapter 18 - Financial Management
BUS110 Chapter 18 - Financial ManagementBUS110 Chapter 18 - Financial Management
BUS110 Chapter 18 - Financial Management
Deborah Oronzio
 
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
BUS110 Chap 1 - Taking Risks and Making Profits within the Dynamic Business E...
Deborah Oronzio
 
Chapter 5 how to form business
Chapter 5 how to form businessChapter 5 how to form business
Chapter 5 how to form business
Md.Ar-Rafiul islam
 
Chap005
Chap005Chap005
Chap005
Introbus110
 
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
BUS110 Chap 4 - Demanding Ethical and Socially Responsible Behavior
Deborah Oronzio
 
Intro to Bus 110 MW - Chap002
Intro to Bus 110 MW - Chap002Intro to Bus 110 MW - Chap002
Intro to Bus 110 MW - Chap002
Introbus110
 
BUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and LeadershipBUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and LeadershipDeborah Oronzio
 
The Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the VentureThe Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the Venture
Yashika Parekh
 
Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001
Introbus110
 
Credit and development
Credit and developmentCredit and development
Credit and developmentleony_daisog
 
Entrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurshipEntrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurship
Sulman Ahmed
 
Presentation On Business Organization
Presentation On Business OrganizationPresentation On Business Organization
Presentation On Business Organization
mytopics
 
Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2Rao Majid Shamshad
 
enterprenurship chapter 2
enterprenurship chapter 2enterprenurship chapter 2
enterprenurship chapter 2
Atif Afzal
 
Models of corporate governance
Models of corporate governanceModels of corporate governance
Models of corporate governance
Joseph Kinattukara
 
Japanese model in corporate governance
Japanese model in corporate governanceJapanese model in corporate governance
Japanese model in corporate governance
Sundar B N
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
yash gupta
 
Forms of Business Organizations
Forms of Business OrganizationsForms of Business Organizations
Forms of Business Organizations
Casey Robertson
 
Distinguish between partnership and sole trader
Distinguish between partnership and sole trader Distinguish between partnership and sole trader
Distinguish between partnership and sole trader
PROF. PUTTU GURU PRASAD
 
Business structure 1
Business structure 1Business structure 1
Business structure 1
Advance Business Consulting
 
Understanding Enviroment.ppt
Understanding Enviroment.pptUnderstanding Enviroment.ppt
Understanding Enviroment.ppt
ssuser6b4a4d
 
Business organization and management
Business organization and managementBusiness organization and management
Business organization and management
annjalandoni
 
Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance
Darshit Paun
 
Entrepreneurship Chap 10
Entrepreneurship Chap 10Entrepreneurship Chap 10
Entrepreneurship Chap 10Umair Arain
 
Ent9 the organizational plan
Ent9 the organizational planEnt9 the organizational plan
Ent9 the organizational planNauman khan
 
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
Deborah Oronzio
 
BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1
BealCollegeOnline
 
Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)Revisiting Strategy
 

More Related Content

What's hot

BUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and LeadershipBUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and LeadershipDeborah Oronzio
 
The Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the VentureThe Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the Venture
Yashika Parekh
 
Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001
Introbus110
 
Credit and development
Credit and developmentCredit and development
Credit and developmentleony_daisog
 
Entrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurshipEntrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurship
Sulman Ahmed
 
Presentation On Business Organization
Presentation On Business OrganizationPresentation On Business Organization
Presentation On Business Organization
mytopics
 
Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2Rao Majid Shamshad
 
enterprenurship chapter 2
enterprenurship chapter 2enterprenurship chapter 2
enterprenurship chapter 2
Atif Afzal
 
Models of corporate governance
Models of corporate governanceModels of corporate governance
Models of corporate governance
Joseph Kinattukara
 
Japanese model in corporate governance
Japanese model in corporate governanceJapanese model in corporate governance
Japanese model in corporate governance
Sundar B N
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
yash gupta
 
Forms of Business Organizations
Forms of Business OrganizationsForms of Business Organizations
Forms of Business Organizations
Casey Robertson
 
Distinguish between partnership and sole trader
Distinguish between partnership and sole trader Distinguish between partnership and sole trader
Distinguish between partnership and sole trader
PROF. PUTTU GURU PRASAD
 
Business structure 1
Business structure 1Business structure 1
Business structure 1
Advance Business Consulting
 
Understanding Enviroment.ppt
Understanding Enviroment.pptUnderstanding Enviroment.ppt
Understanding Enviroment.ppt
ssuser6b4a4d
 
Business organization and management
Business organization and managementBusiness organization and management
Business organization and management
annjalandoni
 
Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance
Darshit Paun
 
Entrepreneurship Chap 10
Entrepreneurship Chap 10Entrepreneurship Chap 10
Entrepreneurship Chap 10Umair Arain
 
Ent9 the organizational plan
Ent9 the organizational planEnt9 the organizational plan
Ent9 the organizational planNauman khan
 
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
Deborah Oronzio
 

What's hot (20)

BUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and LeadershipBUS110 Chapter 7 - Management and Leadership
BUS110 Chapter 7 - Management and Leadership
 
The Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the VentureThe Business Plan: Creating and Starting the Venture
The Business Plan: Creating and Starting the Venture
 
Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001Intro to Bus 110 MW -Chap001
Intro to Bus 110 MW -Chap001
 
Credit and development
Credit and developmentCredit and development
Credit and development
 
Entrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurshipEntrepreneurial Intentions and corporate entrepreneurship
Entrepreneurial Intentions and corporate entrepreneurship
 
Presentation On Business Organization
Presentation On Business OrganizationPresentation On Business Organization
Presentation On Business Organization
 
Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2Entrepreneurship hisrich chapter 2
Entrepreneurship hisrich chapter 2
 
enterprenurship chapter 2
enterprenurship chapter 2enterprenurship chapter 2
enterprenurship chapter 2
 
Models of corporate governance
Models of corporate governanceModels of corporate governance
Models of corporate governance
 
Japanese model in corporate governance
Japanese model in corporate governanceJapanese model in corporate governance
Japanese model in corporate governance
 
Chapter 4 forms of a business organisation
Chapter 4 forms of a business organisationChapter 4 forms of a business organisation
Chapter 4 forms of a business organisation
 
Forms of Business Organizations
Forms of Business OrganizationsForms of Business Organizations
Forms of Business Organizations
 
Distinguish between partnership and sole trader
Distinguish between partnership and sole trader Distinguish between partnership and sole trader
Distinguish between partnership and sole trader
 
Business structure 1
Business structure 1Business structure 1
Business structure 1
 
Understanding Enviroment.ppt
Understanding Enviroment.pptUnderstanding Enviroment.ppt
Understanding Enviroment.ppt
 
Business organization and management
Business organization and managementBusiness organization and management
Business organization and management
 
Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance Lehman Brothers - Corporate Governance
Lehman Brothers - Corporate Governance
 
Entrepreneurship Chap 10
Entrepreneurship Chap 10Entrepreneurship Chap 10
Entrepreneurship Chap 10
 
Ent9 the organizational plan
Ent9 the organizational planEnt9 the organizational plan
Ent9 the organizational plan
 
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets BUS110 Chap 8 - Adapting Organizations to Today’s Markets
BUS110 Chap 8 - Adapting Organizations to Today’s Markets
 

Similar to BUS110 Chap 2 - Understanding How Economics Affects Business

BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1
BealCollegeOnline
 
Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)Revisiting Strategy
 
HS20001- Lectuer-1.pptx
HS20001- Lectuer-1.pptxHS20001- Lectuer-1.pptx
HS20001- Lectuer-1.pptx
HarshitKejriwal3
 
bus 101 Chap002
bus 101 Chap002bus 101 Chap002
bus 101 Chap002Risan Khan
 
Unit 1 academic basic economics
Unit 1 academic basic economicsUnit 1 academic basic economics
Unit 1 academic basic economicsFredrick Smith
 
Unit 1 Academic Basic Economics
Unit 1 Academic Basic EconomicsUnit 1 Academic Basic Economics
Unit 1 Academic Basic Economics
Fredrick Smith
 
0000004730 global economy and emerging industries
0000004730 global economy and emerging industries0000004730 global economy and emerging industries
0000004730 global economy and emerging industries
Jai Chowdhary
 
Chap1 economics & the real world
Chap1 economics & the real worldChap1 economics & the real world
Chap1 economics & the real world
mmvidanes29
 
Global Economic Envt.pptx
Global Economic Envt.pptxGlobal Economic Envt.pptx
Global Economic Envt.pptx
Shamika22
 
Financial Crisis1
Financial Crisis1Financial Crisis1
Financial Crisis1
David Jones
 
Chapter 02
Chapter 02Chapter 02
Chapter 02
james Thomas
 
Forces driving change in the global economy
Forces driving change in the global economyForces driving change in the global economy
Forces driving change in the global economy
The Economics Network
 
Pitfalls of Free Market Economy
Pitfalls of Free Market EconomyPitfalls of Free Market Economy
Pitfalls of Free Market Economy
Pritam Pandey
 
Justin Trudeau and Keynesian Economics
Justin Trudeau and Keynesian EconomicsJustin Trudeau and Keynesian Economics
Justin Trudeau and Keynesian Economics
paul young cpa, cga
 
Microeconomics 101
Microeconomics 101 Microeconomics 101
Microeconomics 101
Marlyn Allanigue
 
Philippine Economy
Philippine EconomyPhilippine Economy
Philippine Economy
Angelo Rivera
 
International business
International businessInternational business
International business
Dr. C. V. Raman University
 
257535356 building-economics-and-sociology
257535356 building-economics-and-sociology257535356 building-economics-and-sociology
257535356 building-economics-and-sociology
LakshmanSai14
 

Similar to BUS110 Chap 2 - Understanding How Economics Affects Business (20)

BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1BA 100 Chapter 2 PowerPoint - Week 1
BA 100 Chapter 2 PowerPoint - Week 1
 
Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)Gbm unit-04 (global economic environment)
Gbm unit-04 (global economic environment)
 
HS20001- Lectuer-1.pptx
HS20001- Lectuer-1.pptxHS20001- Lectuer-1.pptx
HS20001- Lectuer-1.pptx
 
bus 101 Chap002
bus 101 Chap002bus 101 Chap002
bus 101 Chap002
 
Unit 1 academic basic economics
Unit 1 academic basic economicsUnit 1 academic basic economics
Unit 1 academic basic economics
 
Unit 1 Academic Basic Economics
Unit 1 Academic Basic EconomicsUnit 1 Academic Basic Economics
Unit 1 Academic Basic Economics
 
0000004730 global economy and emerging industries
0000004730 global economy and emerging industries0000004730 global economy and emerging industries
0000004730 global economy and emerging industries
 
Chap1 economics & the real world
Chap1 economics & the real worldChap1 economics & the real world
Chap1 economics & the real world
 
Global Economic Envt.pptx
Global Economic Envt.pptxGlobal Economic Envt.pptx
Global Economic Envt.pptx
 
Financial Crisis1
Financial Crisis1Financial Crisis1
Financial Crisis1
 
Chap002
Chap002Chap002
Chap002
 
Chapter 02
Chapter 02Chapter 02
Chapter 02
 
Forces driving change in the global economy
Forces driving change in the global economyForces driving change in the global economy
Forces driving change in the global economy
 
Chapter 2
Chapter 2Chapter 2
Chapter 2
 
Pitfalls of Free Market Economy
Pitfalls of Free Market EconomyPitfalls of Free Market Economy
Pitfalls of Free Market Economy
 
Justin Trudeau and Keynesian Economics
Justin Trudeau and Keynesian EconomicsJustin Trudeau and Keynesian Economics
Justin Trudeau and Keynesian Economics
 
Microeconomics 101
Microeconomics 101 Microeconomics 101
Microeconomics 101
 
Philippine Economy
Philippine EconomyPhilippine Economy
Philippine Economy
 
International business
International businessInternational business
International business
 
257535356 building-economics-and-sociology
257535356 building-economics-and-sociology257535356 building-economics-and-sociology
257535356 building-economics-and-sociology
 

More from Deborah Oronzio

Chapter 06 MKT120 B2B MKT
Chapter 06 MKT120 B2B MKTChapter 06 MKT120 B2B MKT
Chapter 06 MKT120 B2B MKTDeborah Oronzio
 
Chapter 18 MKT120 Sales & Sales Mgmt
Chapter 18 MKT120 Sales & Sales MgmtChapter 18 MKT120 Sales & Sales Mgmt
Chapter 18 MKT120 Sales & Sales MgmtDeborah Oronzio
 
Chapter 17 MKT120 Advertising, PR & Sales
Chapter 17 MKT120 Advertising, PR & SalesChapter 17 MKT120 Advertising, PR & Sales
Chapter 17 MKT120 Advertising, PR & SalesDeborah Oronzio
 
Chapter 15 MKT120 Retail
Chapter 15 MKT120 RetailChapter 15 MKT120 Retail
Chapter 15 MKT120 RetailDeborah Oronzio
 
Chapter 14 MKT120 Supply Chain Mgmt.
Chapter 14 MKT120 Supply Chain Mgmt.Chapter 14 MKT120 Supply Chain Mgmt.
Chapter 14 MKT120 Supply Chain Mgmt.Deborah Oronzio
 
Chapter 13 MKT120 Pricing
Chapter 13 MKT120 PricingChapter 13 MKT120 Pricing
Chapter 13 MKT120 PricingDeborah Oronzio
 
Chapter 12 MKT120 Services
Chapter 12 MKT120 ServicesChapter 12 MKT120 Services
Chapter 12 MKT120 ServicesDeborah Oronzio
 
Chapter 11 MKT120 Product Development
Chapter 11 MKT120 Product DevelopmentChapter 11 MKT120 Product Development
Chapter 11 MKT120 Product DevelopmentDeborah Oronzio
 
Chapter 10 MKT120 Branding and Pkg
Chapter 10 MKT120 Branding and PkgChapter 10 MKT120 Branding and Pkg
Chapter 10 MKT120 Branding and PkgDeborah Oronzio
 
Chapter 09 MKT120 MKT Research
Chapter 09 MKT120 MKT ResearchChapter 09 MKT120 MKT Research
Chapter 09 MKT120 MKT ResearchDeborah Oronzio
 
Chapter 07 MKT120 Global MKT
Chapter 07 MKT120 Global MKTChapter 07 MKT120 Global MKT
Chapter 07 MKT120 Global MKTDeborah Oronzio
 
Chapter 05 MKT120 Consumer Behavior
Chapter 05 MKT120 Consumer BehaviorChapter 05 MKT120 Consumer Behavior
Chapter 05 MKT120 Consumer BehaviorDeborah Oronzio
 
Chapter 04 MKT120 Mkt Environment
Chapter 04 MKT120 Mkt EnvironmentChapter 04 MKT120 Mkt Environment
Chapter 04 MKT120 Mkt EnvironmentDeborah Oronzio
 
Chapter 03 MKT120 Ethics
Chapter 03 MKT120 EthicsChapter 03 MKT120 Ethics
Chapter 03 MKT120 EthicsDeborah Oronzio
 
Chapter 02 MKT120 Strategies and Plan
Chapter 02 MKT120 Strategies and PlanChapter 02 MKT120 Strategies and Plan
Chapter 02 MKT120 Strategies and PlanDeborah Oronzio
 
Chapter 01 MKT120 Overview
Chapter 01 MKT120 OverviewChapter 01 MKT120 Overview
Chapter 01 MKT120 OverviewDeborah Oronzio
 
Chap010 BUS137
Chap010 BUS137Chap010 BUS137
Chap010 BUS137
Deborah Oronzio
 

More from Deborah Oronzio (20)

Chapter 06 MKT120 B2B MKT
Chapter 06 MKT120 B2B MKTChapter 06 MKT120 B2B MKT
Chapter 06 MKT120 B2B MKT
 
Chapter 18 MKT120 Sales & Sales Mgmt
Chapter 18 MKT120 Sales & Sales MgmtChapter 18 MKT120 Sales & Sales Mgmt
Chapter 18 MKT120 Sales & Sales Mgmt
 
Chapter 17 MKT120 Advertising, PR & Sales
Chapter 17 MKT120 Advertising, PR & SalesChapter 17 MKT120 Advertising, PR & Sales
Chapter 17 MKT120 Advertising, PR & Sales
 
Chapter 16 MKT120 IMC
Chapter 16 MKT120 IMCChapter 16 MKT120 IMC
Chapter 16 MKT120 IMC
 
Chapter 15 MKT120 Retail
Chapter 15 MKT120 RetailChapter 15 MKT120 Retail
Chapter 15 MKT120 Retail
 
Chapter 14 MKT120 Supply Chain Mgmt.
Chapter 14 MKT120 Supply Chain Mgmt.Chapter 14 MKT120 Supply Chain Mgmt.
Chapter 14 MKT120 Supply Chain Mgmt.
 
Chapter 13 MKT120 Pricing
Chapter 13 MKT120 PricingChapter 13 MKT120 Pricing
Chapter 13 MKT120 Pricing
 
Chapter 12 MKT120 Services
Chapter 12 MKT120 ServicesChapter 12 MKT120 Services
Chapter 12 MKT120 Services
 
Chapter 11 MKT120 Product Development
Chapter 11 MKT120 Product DevelopmentChapter 11 MKT120 Product Development
Chapter 11 MKT120 Product Development
 
Chapter 10 MKT120 Branding and Pkg
Chapter 10 MKT120 Branding and PkgChapter 10 MKT120 Branding and Pkg
Chapter 10 MKT120 Branding and Pkg
 
Chapter 09 MKT120 MKT Research
Chapter 09 MKT120 MKT ResearchChapter 09 MKT120 MKT Research
Chapter 09 MKT120 MKT Research
 
Chapter 08 MKT120 STP
Chapter 08 MKT120 STPChapter 08 MKT120 STP
Chapter 08 MKT120 STP
 
Chapter 07 MKT120 Global MKT
Chapter 07 MKT120 Global MKTChapter 07 MKT120 Global MKT
Chapter 07 MKT120 Global MKT
 
Chapter 05 MKT120 Consumer Behavior
Chapter 05 MKT120 Consumer BehaviorChapter 05 MKT120 Consumer Behavior
Chapter 05 MKT120 Consumer Behavior
 
Chapter 04 MKT120 Mkt Environment
Chapter 04 MKT120 Mkt EnvironmentChapter 04 MKT120 Mkt Environment
Chapter 04 MKT120 Mkt Environment
 
Chapter 03 MKT120 Ethics
Chapter 03 MKT120 EthicsChapter 03 MKT120 Ethics
Chapter 03 MKT120 Ethics
 
Chapter 02 MKT120 Strategies and Plan
Chapter 02 MKT120 Strategies and PlanChapter 02 MKT120 Strategies and Plan
Chapter 02 MKT120 Strategies and Plan
 
Chapter 01 MKT120 Overview
Chapter 01 MKT120 OverviewChapter 01 MKT120 Overview
Chapter 01 MKT120 Overview
 
Chap011 BUS137
Chap011 BUS137Chap011 BUS137
Chap011 BUS137
 
Chap010 BUS137
Chap010 BUS137Chap010 BUS137
Chap010 BUS137
 

Recently uploaded

Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
jamalseoexpert1978
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfThe 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
thesiliconleaders
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
Any kyc Account
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Lviv Startup Club
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
ssuser567e2d
 

Recently uploaded (20)

Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfThe 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
 

BUS110 Chap 2 - Understanding How Economics Affects Business

  • 1. * * Chapter Two Understanding How Economics Affects Business Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin
  • 2.
  • 3.
  • 4.
  • 6.
  • 7.
  • 8. Three Economic Systems 2- Communism Socialism Capitalism Mixed High Control Little Control Government
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. US GROSS DOMESTIC PRODUCT Recession
  • 17.
  • 18.
  • 19.
  • 20.

Editor's Notes

  1. See Learning Goal 2: Explain what capitalism is and how free markets work. See text pages: 34-40 See Learning Goal 3: Discuss the major differences between socialism and communism. See text pages: 41-42 See Learning Goal 4: Explain the trend toward mixed economies. See text pages: 43-45
  2. See Learning Goal 2: Explain what capitalism is and how free markets work. See text pages: 34-40