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The advancement of technology brought about various electronic banking features for many customer.
Ex. Lunch accounts, using Feepay

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A market in which a large number of firms(businesses) are all producing/selling essentially the same product at the most similar price.
Ex. Chip options available

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Both state and federal governments involvement in concerns of the public.
Ex. Wearing gloves while handling food

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A need is a necessity for survival while a want is a desire, wish not essential for survival.
Ex. Water and a high priced drink

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Anything that serves as a medium of exchange, a Unit of account and a store of value.
Ex. Money

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A full time/part time job that has a salary and contract. It requires a 4 year degree or higher and a license.
Ex. PLHS teacher

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A part time job that pays minimum wage. It has a job specific human capital and is seasonal.
Ex. Laker Cafe barista

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Changed the economy as a whole by creating jobs, etc.
Ex. Media Center

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Monopolies form when there is a barrier to entry within given market that has a sole proprietor.
Ex. Lakermarketplace

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An item that is the same no matter who makes or sells it.
Ex. Toilet paper

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Laws that require companies to provide consumers with important information about their products.
Ex. Nutrition facts on food labels

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Experience and education that humans gather to use within the factors of production.
Ex. PLHS classroom