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FOP
| Term | Definition |
|---|---|
| FACTORS OF PRODUCTION | LAND LABOR AND CAPITAL TO PRODUCE A GOOD OR SERVICE |
| PRODUCTION TO COUNSUMPTION | WANTS AND DESIRES AND WHAT IT TAKES TO MAKE THE WANT OR NEED |
| MAKING CHOICES | THE POSITIVE OR NEGATIVE ASPECTS OF MAKING A FINANCIAL DESICION |
| ECONOMIC SYSTEMS | TRADITIONAL ECONOMY MIXED ECONOMY MARKET ECONOMY AND COMMAND ECONMY |
| BARTERING | TRADING GOODS OR SERVICES FOR SOMETHING OF SEEN EQUAL VALUE |