Who decides what companies grow and which ones go out of business? People like you do. You choose what to buy, what makes it to the store shelves and what ends up in the discontinued bin. You provide the money to businesses and the labor to build the products. The entire economy revolves around you and the businesses that make the products you buy. Let's look at this process in more detail in the following presentations.

Circular Flow of Capital

In our economy, money and labor flows between producers and consumers. Businesses grow by satisfying the needs of consumers, and consumers work to make the money to buy the products that these businesses make. How does this flow of money work? Check out this presentation on the circular flow of money.

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Types of Businesses

Have you ever thought of going into business for yourself? An entrepreneur is a person who develops a new idea or product and takes the risk of profit or loss by making that idea or product a reality. There are a number of ways that entrepreneurs can structure their companies. Take a look at this presentation on the positives and negatives of different business structures. It may be more important to the success of your business than you think!

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Productivity

What is productivity, and how does it affect profits and prices? Why does increased productivity lead to higher standards of living? How do businesses determine what to charge for an item? In this presentation, you will find out the answers to all of these questions and more!

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Competition

How does competition affect the products and services that are available to consumers? Is competition a good thing? Should the government ever get involved in setting prices for things that you buy? Watch the presentation to see how competition in the business world affects your life in so may ways.

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