8th Grade Social Studies: Industry & Corporations

Front

What is capitalism?

Back

An economic system where private individuals own and control property and businesses.

Front

What does competition refer to in business?

Back

The rivalry among sellers to attract customers.

Front

What is scarcity?

Back

The limited availability of resources compared to the unlimited wants.

Front

What does 'buy low, sell high' mean?

Back

A strategy to purchase stocks at a low price and sell them at a higher price.

Front

What are stocks?

Back

Shares representing a claim on a company's assets and earnings.

Front

What factors can move stock prices?

Back

Economic indicators, company performance, market trends, and investor sentiment.

Front

What is a franchise?

Back

A business model where a company allows others to operate using its brand and business model.

Front

Who were the robber barons?

Back

Powerful 19th-century industrialists who were accused of using exploitative practices.

Front

What is philanthropy?

Back

The act of donating money or resources to charitable causes.

Front

What is the role of a CEO?

Back

The Chief Executive Officer is responsible for the overall operations of a company.