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ecno

economics

QuestionAnswer
not enough resources what is scarcity
items we use that are produced what are goods
a job done for someone else what are services
management of producing, distributing and consuming of wealth and resources what is economy
these are found in the environment what is a natural resources
anywheregoods are sold or traded what is market
goods used to make other goods or provide a service what is a capitol resource
amount paid to an individual for services provided what are wages
one who uses goods and services what is a consumer
people who work what are labor resources
system of organized wealth and resources what is an economic system
decicons are made based on how things have been done in the past what is traditional economy
the govrenment makes te economic desicions and owns most of the property what is command economy
resurces are owned by private citizens and economic answers come from the citizens participateing in the economy what is market economy
natural resources,labor/human resources,and capitol resources what are productive resources
resource that can be replenished naturally what is a renewable resource
resources depleted from the enviorment what is a non renewable resource
capitolisim,free market system,laissez-faire what are other names for market economy
Created by: hookmaster
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