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.
Reset Password Free Sign Up

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

Remove ads
Don't know (0)
Know (0)
remaining cards (0)
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 "Know" box, the DOWN ARROW key to move the card to the "Don't know" 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!

"Know" box contains:
Time elapsed:
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


The study of how to meet unlimited wants and needs of a society with its limited resources. Economics
A condition in which more goods and services are desired than are available. Forces people, businesses, and nations to make choices. Scarcity
Another term for scarcity Shortage
A condition where consumers desire less goods and services than were produced Surplus
Another term for surplus Overage
Land, Labor, Capital, Factors of Production
1. Economic resources: Includes land, labor, and capital resources which can be used to produce the goods and services that people consume. This is also known as the factors of production. Economic Resources
Incorporates the skills of people who are willing to take the risk of starting their own business Entrepreneurship
Form, Place, Time, Possession, Information Economic Utility Types
Refers to the added value or usefulness of a product. Utility
The value added by changing raw materials or putting parts together to make them more useful Form Utility
The value added by having a product where customers can buy it. Place Utility
The value added by having a product at a certain time of year or a convenient time of day Time Utility
The value added by exchanging a product for monetary value. Possession Utility
The value added by communicating with the customer. Information Utility
Created by: melinda.fornes

bad sites Copyright ©2001-2016  StudyStack LLC   All rights reserved.