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bobbys eco vocab

eco vocab review

QuestionAnswer
inadequate spply of something(not enough) scarcity
things or items we use that are produced goods
a job done for someone else services
the careful management of producing,distributing,and consuming wealthand resources economy
these are found in the environment natrual resources
anywhere goods are sold market
goods used to make other goods or provide services capital resources
amount paid to an individual for services provided wages
one who uses goods and services consumer
people who work labor resource
system of oganizing wealth and resources economic system
decisions are made based on how how things have been done traditional economy
the government makes the economic decisions and owns most of the property command economy
resources are owned by private citizens and econamic answers come from the citizens participating in the economy market ecomomy
natrual resources,labor/human reasources,and capital resoures productive resources
resource that can be replenished naturally renewable resourse
resourse that can not be depleted from the environment non-renwable resourse
capitalism,free market system,laissez-faire other names for market economy
Created by: b0405292
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