Busy. Please wait.
Log in using Clever

show password
Forgot Password?

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

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.
Didn't know it?
click below
Knew it?
click below
Don't know
Remaining cards (0)
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

S.S Economics

Vocabulary S.S Economics

Barter Trading goods and services amongest each other. Goods for goods-services for goods.
Money Medium of exchange. Something you use to trade things.
Credit A trust between people. A pleadge to pay later.
Stock Buying shares in company in exchange for a return of profit.
Incorporate Selling shares of a buisness.
Consumer Individuals or institutions which buy and use resorces, goods, and sevices.
Producer Individuals of institutions which use the resorces of land, labor, capital, and time to manufacture goods and services.
Finacial Institutions Institutions which collect savings and make loans on investments in the economy.
Goverment Institutions which have a regulatory function. In executing this responsibilty
Economics The science that deals with the production, distribtion and use of goods, money, natural resorses and services.
Scarcity The concept refers to the situation that in the real world the acquisiton of desired (wanted) things requires both a choise and effort. This choise is nessesary becasue there is a limited amount of products and resourses while people have unlimited wants.
Oppurtunity Cost The benifit, or value of the benefit, that is foregone by choosing one alternative over another. one gives up the oppurtunity to watch telivision when a decision to mow the grass is made.
Supply The various amounts of goods and services which prospective sellers would be willing to purchase at differing prices in a given period of time.
Demand The various amounts of goods or services which prospective buyers would be willing to purchase at diffrent prices in a given period of time.
Inflation The relative purchasing power of the dollar as measured by a market basket of goods and services. When prices RISE with no change in quanity or quality of goods inflation exists.
Deflation When prices FALL with no change in quantity or quality of goods.
Recession A reduction in buisness activity. Declines in investment spending, production and employment which cause consumer demand to fall as incomes are reduced.
Traditional Economy Bartering system(Oregano Islands).
Market Economy Supply and demand determine price. (Mocha)
Comman Economy Goverment controls everything; what will be produced, how it will be produced, by whom. Goverment determines price.
Created by: emmie.lewis



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:
restart all cards