Description
Explores ways in which individual business units operate and interrelate. Examines how consumers, owners of factors of production, and business people interact to meet many of society's needs. Also invesigates the fundamentals of supply and demand, market structure and performance, and the basie principles which surround all the resource markets (labor and capital). Examines basic market structures of pure competition, pure monopoly, monopolistic competition, and oligopoly. Fall, Spring.