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

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.
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

BizTown Vocabulary

Unit 1

QuestionAnswer
What is a business? a company that sells goods and services
What are capital resources? resources made by people, such as factories
What is the circular flow model a model of the movements of goods, services, resources, and money in an economy
What is a community? a place where people live, work, trade, and share
What is free enterprise? a system in which economic decisions are made in markets by people and businesses, with little government influence
What are human resources? the skills and abilities of workers used in production of goods and services
What are markets? a system in which people and businesses buy and sell goods, services, and resources
What are natural resources? hings used in production that occur naturally in the world, such as water
What does nonprofit mean? Institutions developed to increase the well-being of others like education, religion, and health.
What is an opportunity cost? The value of the next best alternative given up when a choice is made
What is philanthropy? The effort to increase the well-being of people through charitable giving
What are private goods and services? Exchanged in the markets for a price
What are public goods and services? Provide benefits to many people and people cannot be restricted from using them.
What is a profit? They money that is left over after a business pays all its costs
What is scarcity? Situation where people can’t have everything they want because of limited resources
What are taxes? required payments to the government
Created by: hewittl
 

 



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