1. Word cloud
120 seconds
In a few words, what is the main goal of a business?
2. Word cloud
120 seconds
In a few words, what is the main goal of a business?
3. Word cloud
120 seconds
In a few words, what is the main goal of a business?
4. Slide
60 seconds
"Explore the role of government in regulating business activities.
Analyze the impact of government policies on industry.
Collaborate in a group activity to research and present on a government"
Learning objective:
5. Slide
60 seconds
Understand the economic and business implications of current events. Gain insight into the role of the consumer in business decisions. Explore the importance of innovation in creating a competitive advantage.
Economic and Business Connections in Introduction to Business
6. Slide
60 seconds
Supply and Demand: The basic economic concept that explains the interaction between the supply of a resource and the demand for that resource. Supply refers to the quantity of a good or service available and demand refers to the desire and ability of buyers to purchase the good or service. Opportunity Cost: The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. Scarcity: The condition in which our wants are greater than our limited resources. This is the fundamental economic problem of having to choose between alternative uses of limited resources.
Concepts:
7. Open question
180 seconds
What are the advantages and disadvantages of government intervention in the economy?
8. Personalised Feedback
360 seconds
What are some potential benefits and drawbacks of government intervention in the economy?
9. Open question
180 seconds
What are the potential benefits and drawbacks of government intervention in the economy?
10. Poll
60 seconds
What is the term for a government policy of reducing or eliminating trade barriers?
- Protectionism
- Free trade
- Subsidies
11. Word cloud
120 seconds
In what ways can the government intervene in the economy? (Answer in one or two words)
12. Slide
60 seconds
"Explore the role of government in regulating business activities.
Analyze the impact of government policies on industry."
Learning objective:
13. Slide
60 seconds
Governments intervene in the economy to help balance supply and demand, promote competition, and regulate services. Government intervention can include providing subsidies, setting minimum and maximum prices, and setting regulations. Governments can also intervene by providing social services such as healthcare and education.
Government Intervention in the Economy
14. Slide
60 seconds
Government Intervention: Refers to the actions taken by a government in order to influence or regulate economic activity. These actions can range from taxation and regulation to subsidies and public works projects. Monetary Policy: A set of policies by a government or central bank to control the money supply and interest rates of an economy. Fiscal Policy: A set of policies by a government or central bank to control government spending and taxation in an economy.
Concepts:
15. Slide
60 seconds
In the U.S., government intervention in the economy dates back to Alexander Hamilton's establishment of the First Bank of the United States in 1791. An example of government intervention in the economy is the Federal Reserve System, which sets interest rates and affects the money supply in the U.S. In some countries, the government intervenes in the economy by setting prices or providing subsidies to certain industries or companies.
Did you know?
16. Open question
180 seconds
Work together in pairs: What are the advantages and disadvantages of government intervention in the economy?
17. Personalised Feedback
360 seconds
What are some potential benefits and drawbacks of government intervention in the economy?
18. Open question
180 seconds
Work together in pairs: What are the potential benefits and drawbacks of government intervention in the economy?
19. Drawings
450 seconds
Brain break: Draw a dog wearing a superhero cape and flying with a jetpack
20. Poll
60 seconds
What is the term for a government policy of reducing or eliminating trade barriers?
- Protectionism
- Free trade
- Subsidies
21. Poll
60 seconds
Which of the following is an example of government intervention in the economy?
- Imposing tariffs on imported goods
- Encouraging entrepreneurship
- Promoting competition
22. Poll
60 seconds
What is the purpose of antitrust laws?
- To provide subsidies to businesses
- To prevent monopolies and promote fair competition
- To regulate international trade
23. Poll
60 seconds
Which economic system relies heavily on government intervention in the economy?
- Mixed economy
- Free market economy
- Command economy
24. Poll
60 seconds
What is fiscal policy?
- The regulation of interest rates by central banks
- The use of government spending and taxation to influence the economy
- The control over money supply in an economy
25. Slide
60 seconds
"Explore the role of government in regulating business activities.
Analyze the impact of government policies on industry.
Collaborate in a group activity to research and present on a government"
Learning objective:
26. Slide
60 seconds
Understand the economic and business implications of current events. Gain insight into the role of the consumer in business decisions. Explore the importance of innovation in creating a competitive advantage.
Economic and Business Connections in Introduction to Business
27. Slide
60 seconds
Supply and Demand: The basic economic concept that explains the interaction between the supply of a resource and the demand for that resource. Supply refers to the quantity of a good or service available and demand refers to the desire and ability of buyers to purchase the good or service. Opportunity Cost: The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. Scarcity: The condition in which our wants are greater than our limited resources. This is the fundamental economic problem of having to choose between alternative uses of limited resources.
Concepts:
28. Slide
60 seconds
Business connections often cross international borders and can span multiple industries and markets. The etymology of the word ‘business’ comes from the Old French word ‘businesse’ meaning ‘busy-ness’. Business connections are often formed through networking and exchanging of ideas, resources, and contacts.
Did you know?
29. Open question
180 seconds
Work together in pairs: Question:What are the advantages and disadvantages of government intervention in the business sector? Provide two examples to support your answer.
30. Personalised Feedback
360 seconds
How do economic and business connections impact the global marketplace?
31. Open question
180 seconds
Work together in pairs: What is the difference between the concepts of supply and demand, and how do they affect businesses?
32. Drawings
450 seconds
Brain break: Draw a robot practicing yoga on a glittery rainbow mat
33. Poll
60 seconds
What is the term used to describe the total value of all goods and services produced within a country in a given time period?
- Gross Domestic Product (GDP)
- Inflation
- Supply and Demand
- Profit Margin
34. Poll
60 seconds
Which of the following is an example of a market economy?
- North Korea
- United States
- China
- Cuba
35. Poll
60 seconds
What do we call the money left over after deducting expenses from revenue?
- Profit
- Revenue
- Debt
- Loss
36. Poll
60 seconds
What does ROI stand for in business?
- Return on Investment
- Risk of Inflation
- Rate of Interest
- Revenue of Income
37. Poll
60 seconds
What is the term used to describe a situation where there are more buyers than sellers and prices tend to rise?
- Demand exceeds supply
- Monopoly
- Market equilibrium
- Supply exceeds demand
Made with ❤️ from Norway