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social studies
help me in social studies
| Question | Answer |
|---|---|
| scarcity | indaequate supply of resources not enough resources |
| goods | items or things we usethat are produced |
| services | a job done for someone else |
| economy | the careful management of producing distrubuting and consuming wealth and resources |
| natural resources | these are found in the enviornment |
| market | anywhere goods are sold or traded |
| capital resources | goods used to make other goods or provide a service |
| wages | amount paid to an individual for providing service |
| consumer | one who uses goods or services |
| labor resource | people who work |
| econamic syestem | system of organizing wealth and resources |
| traditional econamy | descions made on based how things were done in the past |
| command economy | the goverment makes the economy desions and own most of the property |
| MARKET ECONOMY | RESOURCES BY PRIVATE CITIZENS AND ANSWERS COME FROM CITENZINS |
| PRODUCTIVE ECONOMY | NATURAL RESOURCES,LABOR AND CAPITAL |
| RENEWABLE | CAN BE MADE AGAIN |
| NON RENEWABLE | these resources do not come again |
| OTHER NAMESS FOR MARKET SYSTEM | CAPITISIALM |
Created by:
kingstar4455
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