Save
Upgrade to remove ads
Busy. Please wait.
Log in with 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
edit
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

Economics I

Basic Economics Terms

TermDefinition
Mercantilism A system in which a government controls all economic activity in a country and its colonies to make the government stronger and richer
Capitalism An economic system in which individuals and private businesses run most industries
Inflation A gradual increase in prices
Want a desire for goods and services, not necessarily accompanied by the power to satisfy them
Need an economic good or service that is basic to survival, such as food, clothing, and shelter
Supply the amount of goods and services that are available at a given time
Demand the amount of goods and services that consumers are willing and able to buy at a given time
Balance of Trade The difference in value between what a nation imports and exports over a period of time
Subsidies Grants of monies
Joint Stock Companies
Opportunity Cost the value of the next
Scarcity a condition of limited resources and unlimited wants by people
Export goods or services that a country sells and sends to other countries
Import goods or services that a country brings in or purchases from another country
Created by: NavyBoatDriver
Popular Social Studies sets

 

 



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