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BTF Chap 11: The economic environment of business & finance - Coggle…
BTF Chap 11: The economic environment of business & finance
Introduction to the economic environment
The failure of perfect competition
Demand
The equilibrium price
Types of market structure
Elasticity
The macroeconomic environment
The business/trade cycle
Depression
Recovery
Recession
Boom
Avoiding the "boom & bust" cycle: Khi nền kinh tế đang Boom=> chính phủ kiềm hãm chi tiêu của người dân bằng cách tăng thuế, ko cho vay để ko để nên fkinh tế nổ
The national economy
The role of the government in the national economy
The role of the consumer in the national economy
The role of the saver in the national economy
Def: Saving:...
Income
Interest rates & the cost of credit
Long tẻm saving: như mua bảo hiểm nhân thọ
The role of investment by businesses in the national economy
The market mechanism
Supply