Introduction To Business Quizzes Online & Trivia

Adam Smithis widely regarded as the father of modern economics. But he wasn't. The real founder may be someone most people have never heard of. More than 40 years beforeAdam Smithwrote "The Wealth of Nations," Richard Cantillon authored the "Essai sur la Nature du Commerce en General."

Some texts do not include the term Knowledge.Have you found this in your studies ?

A person who risk both time and money to start and manage a business.

Inventory should also work. This is so I meet the required 10 words.

I, II, III, and V

1. a general rise in the prices of goods and services over time.-some factors that causes inflation: the cost of production, high wages, high cost of machinery and raw materials, increased government charges(e.g. electricity etc.) main cause: increasing costs of production higher wages higher costs of machinery & raw materials increased government charges (e.g. electricity etc.) d. food bottleneck. due to slow growth of agriculture, over- higher costs are passed on to the consumer via higher

Entrepreneur

Donating some of the company s profits or resources to charitable organizations

1. All the people who stand to gain or lose by the policies and activities of a business.

True

Economy in which economic action taken anywhere in the world will affect your standard of living

Studying late for a test, your opportunity cost is a good night s sleep