Save
Busy. Please wait.
Log in using Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Activity 4C

Do You Think You Can Become A Successful Entrepreneur?

TermDefinition
Goods Physical objects that people make. They can be seen and touched.
Services Actions that people perform for others.
Scarcity When there is not enough of something.
Unlimited wants Constantly wanting things.
Economic system The framework that a society uses to determine how to go about answering three basic economic questions: What should be produced? How should it be produced? Who gets what is produced?
Traditional Economy Basic economic questions are answered by following past customs and traditions.
Command Economy Basic economic questions are answered by government leaders or the people in power.
Market Economy The people are free to produce whatever they wish and to buy whatever they can afford.
Producers People who make goods or provide services.
Consumers People who buy goods and services from producers.
Entrepreneur People who start their own business.
Profits The money that remains after the costs of running the business are paid.
Productive Resources All of the things that are needed to produce a good or service. They are sometimes referred to as, the factors of production.
Natural Resources Resources that are found in nature.
Human Resources The people who produce goods or provide services through their work.
Capital Goods Those things that are made in order to make other goods or to perform services. Examples are machines and tools.
Limited Resources All the goods and services available in the world at any one time.
Created by: betsywellman
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards