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Topic 1 (Chapter 1): The Business Environment - Coggle Diagram
Topic 1 (Chapter 1): The Business Environment
Definitions:
Profit
External Environment
Business
Economic system
Demand
Supply
Shortage
Surplus
Equilibrium
Dimensions of the External Environment
Factors of Production
Degrees of Competition
Types of Economic Systems
Private enterprise system
Definition
4 elements
Economic indicators
Definition
Types
Economic Stability
Managing the Economy