Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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 (0)
Remaining cards (0)
Know (0)
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

Economies

Human World Lesson 3

TermDefinition
economics the study of how individuals, businesses, and countries make and use things
producers those who make and sell goods
capital goods man-made goods that help produce other products such as a computer or cash register
traditional economy a system where decisions are based on customs
market economy a system in which people are free to produce or buy whatever they wish
command economy a system where decisions are based by a monarch or dictator
opportunity cost the value of what was given up to gain something
consumers those who buy goods and services
entrepreneur person who starts and owns their own business
specialization nations focus on producing only certain kinds of goods or services using their best resources
export goods and services sold to other countries
import goods from foreign countries brought into a country for use or sale
interdependence each country depends on other nations for many of its goods and services
profit what is left over after the costs of running a business are paid
scarcity a problem that results fro not having enough of something
economists people who study economics
Created by: raseif
 

 



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