business
his friends and it grew into a huge grocery store in North Texas. These companies grow based on success and interest.
7. Companies sometimes form partnerships in order to make the business more successful. They recognize that perhaps they could share the cost of the business, meanwhile they are bringing new ideas, skills, and finance to the business. Sometimes this will save a business.
Lesson #3
1. An economic system is the economy of our government, with all the people working as consumers and producers. It must address how businesses are run and
2. Capitalism is basically the type of economy that we live in, where we, as consumers, spend money for products. This money then goes back into the economy through the government, peoples salaries, and to buy more product to sell.
3. In a capitalistic economy, consumers, producers, and the government all play a role. Basically, producers make a product that is sold to the consumer. The consumer pays for these goods and money goes to the producer and the government through taxes. The government also serves to regulate businesses buy having laws. The government is responsible for making sure that the consumer is treated fairly and safely. They all interact with each other to sustain our economy.
4. People play various roles in a capitalistic economy. Many people serve as both producers and consumers, for they work for a company that provides a good or service and they also buy in order to sustain themselves. Some people also work in the government, acting to enforce laws that keeps our economy balanced.
Lesson #4
1. Laws become very important in day-to-day business operations. Without laws, some businesses can treat their customers unfairly. Some businesses also need the laws so that they can be run safely. With these laws, it probably also serves to help businesses in customer service.
2. Contracts are used in the music industry for many reasons. Some agents require bands make a certain amount of albums in a certain amount of time. This ties the band to that particular music label. Some contracts also prevent music from being stolen.
3. Agents are used in the music industry in order to provide the artist as a bridge between them and the industry. The agent can provide the artist with the options they may have within the industry.
4. Tort laws can help people who have been harmed or influences by the actions of others. This goes back to the safety of the customer. Some businesses have stores that are dangerous, and these laws can influence a business to have safe practices in their employers and their stores.
5. Intellectual property rights encompass copyrights and other things that give the person ownership of an intangible object. [next page]