Oak Manor Center - Social Studies - Econ List 3
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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| Benefits | Something good or of positive value to someone when making a choice or decision.
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| Consumer | People who buy and/or use goods and services
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| Distribution | The delivery or movement of goods or services from producers to consumers
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| Economic Wants | Things people like or desire that can be satisfied consuming a good, service or leisure activities
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| Imports | The goods and services that consumers buy from sellers in other nations.
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| Exports | The goods and services in one nation sell to buyers in other nations.
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| Individual Ownership | A business owned and managed by one person who assumes all of the risk of loss and gets all of the profit.
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| Interdependence | What occurs when people and nations depend on When you rely on one another to provide the goods and services they want
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| Surplus | Having more goods, services, or resources available than you want.
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| Specialization | When people produce only some of the goods and services they consume, then trade with others to get more of the things they want.
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| Interest | The money earned on the money saved, or the money paid to use a credit card or take out a loan.
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| Market Economy | An economic system based on the interaction of supply and demand in markets to determine prices
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| Opportunity Cost | The next most valuable alternative you give up when you make a choice or decision.
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| Productivity | The measure of how many goods or services that are produced by each worker.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
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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