Chapter 1

 Business is an organization that provide goods and servives to earn profits. There are two types of business environment, which are Internal and External. Example of internal environment is business management, SWOT.  Therefore, External environment means everything outside an organization's boundaries that might affect it. Besides that , Economic System is a nation's system for allocating its resources among its citizens, both individuals and organizations.There are five Factors of Productions: Labo, Capital, Entrepreneur,Physical resources and Information resources. There are four types of economic system:planned economy, market economy, mixed market economy, privatization.Planned economy is an economy that relies on a centralized government to control all production.Market economy is an individual producers and consumers who control production and allocation.Mixed market economy is features characteristics of both planned and market economies.Then ,Privatization is process of converting goverment enterprises into privately owned companies.Degrees of Conpetition has four type , which are Oligopoly ,Monopolistic Competition , Monopoly and Natural monopoly. Economic Indicators is show whether an economic system is strengthening ,weakening or remaining stable .Economic indicators also help assess the performance of an economy.GDP(Gross Domestic Product) amount of product can be produce a day from the company. Example as chicken, bread, etc. GNP(Gross National Product) production of country. Example as coconut, etc.Productivity measure of economic growth that compares howmuch a system produces with the resources needed to produce it. Productivity has two type : Balance of trade and National Debt.Economic Stability include of : Stability ,Inflation ,Unemployment ,Recession and Depression.