social studies
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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| scarcity | inadequate supply of recources (not enough)
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| goods | things or items we use that are produced
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| services | a job done for somone else
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| economy | the careful management of producing,distributing, and produciing wealth and recources
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| natural recources | these are found in the envirement
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| market | anywhere goods are sold or traded
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| capitol racources | goods used to mke other goods or provide a service
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| wages | an amount paid to an individual for services provided
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| consumer | one who uses goods and services
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| labor recource | people who work
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| economic system | system of orginizing wealth and recources
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| traditional econimy | decisions are made based on what has been done in the past
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| command econimy | the government makes the economic decisions and owns most of the property
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| market econimy | recources are owned by private citesens and economic answers come from the citesens participating in the econimy
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| productive recources | natural recources, labor/human recources, and capitol recources
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| renewable recources | recource that can be replenished naturally
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| non-renewable recources | recources that can be depleted from the envirenment
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| other names for market econimy | capitalism,free market system, liassez-fair
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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.
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Created by:
twinsbigsis
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