Business Studies first unit

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4 Terms

1
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The 7 Factors of the Business envirment

Economic

Political

Demographics

Social

Competitive

Global

Technological

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GDP

y=C+I+G+(X-M)

C=Comsumer

I=Industrial or Investment

G=Government

X=Export

M=Import

3
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4 Factors of Production

Natural Resource

Capital Resource

Labor Resource

Entrepreneurial Resource

4
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Things Federal Bank does

Clearing Checks

Supervising Member Banks

Acting as Federal Government

Regulating the Money Supply

Setting Reserve Requirements

Supplying paper Currency