Please enable JavaScript.
Coggle requires JavaScript to display documents.
Reading 8-9 - Coggle Diagram
Reading 8-9
While reading
-
Academic vocabulary
Resources
A stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
Price
A price is the quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, the price of production has a different name.
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Taxes
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Market
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money.
Entrepreneur
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Business
Business is the practice of making one's living or making money by producing or buying and selling products. It is also "any activity or enterprise entered into for profit."
Main ideas
I read a bit of the book and I found 2 main ideas. The main ideas are government regulation of economic activity and the issues involved in developing and implementing such policies.
Compare and Sort
The first chapter talks about the general knowledge and the history of economic-government regulations.
The second chapters explains about the testings and the implementations in real life of these business regulations. The book says the claims and promises have existed for two decades and is now being tested to companies and business people. This chapter provides a graph.
Both of the chapters talk about economy. And both chapters do not provide an actual visualisation/image of anything.
-
After Reading
The reading strategies are predicting, and Identifying the Main Idea.
For my reflection, after reading the book I decide to learn more about business regulations to then implement in my own business.
-
Pre-Reading
From the clues that i got, i predict that the book is straight to the point and pretty boring looking, judging a book by its cover. But I think the book will be telling us about economic regulations.
