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eco vocab

econoic vocabulary

QuestionAnswer
inadequate supply of resources (not enough) scarcity
things of items we use that re produced goods
a job done for someone else services
the carful management of producing,distributing, and consuming wealth and resources economy
these are found in the enviroment natural resouces
anywhere goods are sold market
goods used to make other goodsor provide a service capital resources
one who uses goods and services consumer
people who work labor resource
system f organizing wealth and resources economic system
decisions are made based on how things have been done n the past traditional economy
the goverment makes the economic decisions and owns most of the propety command economy
resources are owned by private citizens and economic answers come from the citizens participating in the economy market economy
natural resources, labor/human, and capital resources productive resources
resource that can be replenished naturlly renewable resource
resources that can be depleted fromthe enviroment non-renewable resources
capitalism, free market system, laissez-faire other names for market economy
Created by: e0408338
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