Site MapHelpFeedbackUnderstanding How Economics Affects Business
Understanding How Economics Affects Business


Premium content available for purchase is identified in the left-hand Navigation Menu by the asterisk (*) which precedes the content name. Premium Content on this OLC includes:
    1. Interactive Exercises (Course-wide Content)
    2. Multi-lingual Glossaries (Course-wide Content)
    3. Manager's Hot Seat (Course-wide Content)
    4. Videos-streaming (Course-wide Content)
    5. Learning the Language (Chapter Content)
    6. Narrated Lectures (Chapter Content)
    7. iPod® Content (Chapter Content)



After you have read and studied this chapter, you should be able to

  1. Explain basic economics.


  2. Explain what capitalism is and how free markets work.


  3. Compare socialism and communism.


  4. Analyze the trend toward mixed economies.


  5. Describe the economic system of the United States, including the significance of key economic indicators (especially GDP), productivity, and the business cycle.


  6. Contrast fiscal policy and monetary policy, and explain how each affects the economy.






To learn more about the book this website supports, please visit its Information Center.
(c)2010 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Nickels: Undstd Business 9eOnline Learning Center

Home > Chapter 2