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Rooney Economics 2
When you are good at "RooneyEconomics 1", this is the next set
| Question | Answer |
|---|---|
| goods used to make other goods | capital resources |
| people who use/buy something | consumers |
| plan on how money will be spent | budget |
| the way goods/services are delivered to the customer | distribution |
| physical items that can be seen and touched | goods |
| The using up of goods and services by consumer purchasing or in the production of other goods | consumption |
| the amount that people want to buy | demand |
| the people who make up the workforce of a company | human resources |
| materials that can be found naturally within an environment | natural resources |
| belonging to one person/group who is able to make money from it | private |
| combining resources to make items to sell or services for customers | production |
| money you earn after all the bills are paid | profit |
| belonging to the community; government taxes provide the money to keep it going. | public |
| valuable supply that can be used as needed in the production of goods and services | resource |
| not enough resources for all needs and wants | scarcity |
| performing any duty or work for another | service |
| the amount of something that is available to sell | supply |
| extra that is left over unused | surplus |
Created by:
ldmsrooney
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