Welcome to StudyStack, where users create FlashCards and share them with others. Click on the large flashcard to flip it over. Then click the green, red, or yellow box to move the current card to that box. Below the flashcards are blue buttons for other activities that you can try to study the same information.
Test Android StudyStack App
Please help StudyStack get a grant! Vote here.
or...
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.


incorrect cards (0)
correct cards (0)
remaining cards (0)
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
Retries:
restart all cards


Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

socialstudies1one

QuestionAnswer
What is economy? distributing,and consuming wealth and resources.
What is economic system? system of organizing wealth and resources.
What is market economy? system in which resources are owned by private citizens and economic answers come fromthe citizens participating in the economy.
What is command economy? Sysem in which the goverment makes the economic decisions and owns most of the property.
What is traditional economy? sysem in which decisions are made based on how things have been done in the past.
What is productive resources? Term reffering to natural resources,labor/human resources,and capital resources.
What is rewnewable resouces? resources that can be replenished naturally.
What is natural resources? resources that are found in the enviroment.
What is labor resources? people who work.
What is capital resource? Goods used to make other goods or provide a service.
What is non-rewnewable resource? resources that can not be depleted from the enviroment.
What is goods? things or items we use that are produced.
What is service? a job done for someone else.
What is market? anywhere goods are sold or traded.
What is consumer? anyone who uses goods and services.
What is wages? an amount paid to an indivisual for services provided.
What is capitilism free market laissez-fair? other names for market economy.
What is scarcity? an inadequate supply of resources.
Created by: t1106989 on 2012-10-23



bad sites Copyright ©2001-2014  StudyStack LLC   All rights reserved.