BSAD 101 Lecture Notes - Lecture 2: Gross Domestic Product, Samasource, Money Supply

• School: University of Vermont
• Department: Business Administration
• Course: BSAD 101
• Professor: Pat Patel

Document Summary

Demand is the quantity of something that people are willing and able to buy at a given point in time. The price of the product is determined where demand meets supply. Global economy, national economies, regional economies, local economies. Money flows and product flows are the basic building blocks. The average dollar amount per person in the us. A particular state can have different economic characteristics than the one right next door. Co-founder of kiva. org and helps people in developing countries get small loans. Mircrolending has been a source of funding in developing world since the 1980"s. Came up with the idea while working in rural africa. The study of how society employs resources to produce goods and services for consumption among various groups and individuals. Concentrates on the operation of a nation"s economy as a whole. Concentrates on the behavior of people and organizations in markets for particular productions or services.