amount of product available for sale?
Big Business Vocabulary Flashcard
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8th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Supply
2.
FLASHCARD QUESTION
Front
willingness and ability to buy a product?
Back
Demand
3.
FLASHCARD QUESTION
Front
more than enough of a product?
Back
Surplus
4.
FLASHCARD QUESTION
Front
NOT having enough of a product?
Back
Deficit
5.
FLASHCARD QUESTION
Front
What is the term for 2 or more companies competing for business?
Back
Competition
6.
FLASHCARD QUESTION
Front
What is the amount of product for sale?
Back
supply
7.
FLASHCARD QUESTION
Front
When one company controls all or nearly all of one industry (like oil) it is a
Back
monopoly
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