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Chapters 1 and 2

Horizontales
federal agency enforcing several discrimination-related laws
a program funded by employer contributions that pays benefits to workers who are unemployed through no fault of their own
short-term pattern of economic expansions and contractions
profit-maximizing price at which the quantity of goods demanded and the quantity of goods supplied are equal
market or industry characterized by numerous buyers and relatively numerous sellers trying to differentiate their products from those of competitors
enactment of federal regulations to restore public trust in accounting practices by imposing new requirements on financial activities in publicly traded corporations
The political basis of market processes
a business should not only focus or concentrate upon what kind of profit it is making or how will it make more profit in the future but also look after the effect that it is causing on society from time to time.
Verticales
total value of all goods and services produced within a given period by a national economy through domestic factors of production
form of social activism dedicated to protecting the rights of consumers in their dealings with businesses
resources used in the production of goods and services—labor, capital, entrepreneurs, physical resources, and information resources
sets forth values, ethical principles, and ethical standards to which professionals aspire and by which their actions can be judged
a period during which aggregate output, as measured by GDP, declines