social studys
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Economy | The careful management of producing,distributing, and comsuming wealth and resources.
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| Economic system | System of organizing wealth and resources.
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| Market economy | System in wich resources are owned by private citizens and economic answers come from the citizens participating in the economy.
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| Command economy | System in wich the government makes the economic decisions and owns most of the property.
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| Traditional economy | System in wich decisions are made based on how things have been done in the past.
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| Productive resources | Term reffering to natural resources, labor/human resourses, and capital resources.
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| Natural resources | Resources that are found in the enviorment.
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| Labor resources | People who work.
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| Capital resources | Goods used to make other goods or provide a service.
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| Renewable resources | Resources that can be replenished naturally.
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| Non-renewable resources | Resources that can be depleted from the enviorment.
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| Goods | Things or items we use that are produced.
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| Services | A job done for someone else.
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| Market | Anywhere goods are sold or traded.
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| Consumers | Anyone who uses goods and services.
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| Wages | an amount paid to an individual for sevices provided.
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| Capitalism, free market, laissez-fair | Other names for a market economy.
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| Scarcity | an inadequate supply of recources(not enough).
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To hide a column, click on the column name.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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