MGTA01H3 Study Guide - Final Guide: Distribution Of Wealth, Oligopoly, Xm Satellite Radio
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MGTA01H3 Full Course Notes
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Chapter 2: raw material for all businesses (cid:862)factors of production(cid:863) * lots of questions based on these concepts. Chapter 4: buyers and sellers interacting (exchanging information and haggling, deg(cid:396)ees of (cid:272)o(cid:373)petitio(cid:374) o(cid:396) (cid:862)market structures(cid:863) Perfect, oligopoly, monopolistic, monopoly: how competitors behave in each market. Is an economic system delivering the goods and services it is intended to: gdp, gdp growth, gdp per capita, productivity, employment and unemployment, wealth distribution. *gdp and gdp growth know well for final exam. Chapter 6: e(cid:374)te(cid:396)p(cid:396)ise(cid:863): a(cid:374) u(cid:374)de(cid:396)taki(cid:374)g (cid:396)e(cid:395)ui(cid:396)i(cid:374)g e(cid:374)e(cid:396)gy a(cid:374)d effo(cid:396)t, (cid:449)ith u(cid:374)(cid:272)e(cid:396)tai(cid:374) (cid:396)esults, businesses as enterprises, characteristics of entrepreneurs. Need for achievement, internal locus, risk tolerance. * characteristics of entrepreneur; psychological, immigrant people, etc. Chapter 7: starting a business: importance of planning, starting a business: forms of organization sole proprietorships (features, advantages, disadvantages) general partnerships (features, advantages, disadvantages) liability (who has legal and financial responsibility) Chapter 8: starting a business: more complex forms.
