Market and Industry Are

question 47

Multiple Choice

Market and industry are

• A)very specific economics terms which must be rigidly adhered to.
• B)are concepts which require careful consideration of their philosophical underpinning to use correctly.
• C)somewhat flexible in scope depending on what aspect of business you are considering.
• D)close concepts where market is identified with broader sectors, while industries refer to specific technologies.

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Definitions:

George W. Bush

Served as the United States' 43rd President from 2001 to 2009, notable for his leadership during the 9/11 terrorist attacks and for starting the war in Iraq.

Tax Cuts

Governmental reductions in the rate of taxation, aimed at stimulating economic growth or achieving other fiscal policy objectives.

Jeb Bush

An American politician and member of the Bush family who served as the Governor of Florida and was a candidate for the Republican presidential nomination.

2000 Presidential Election

A highly contested election in the United States, ultimately decided by the Supreme Court, resulting in George W. Bush winning the presidency over Al Gore.