Description
This course includes exploring ways in which individual business units operate and interrelate. It examines how consumers, owners of factors of production, and business people interact to meet many of society's needs.The course also investigates the fundamentals of supply and demand, market structure and performance, and the basic principles which surround all the resource markets (labor and capital). Finally, it will examine the market structures of pure competition, pure monopolies, monopolistic competition, and oligopolies.