Business(Economic framework)
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What are resources? | show 🗑
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| show | Resources that are scarce or limited when there are not enough resources to do all that things that need to be done E.g you have 20 euro but you want something which constists of 50 euro. You have to make choices
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| What is economics? | show 🗑
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| What are wants and needs? | show 🗑
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| show | The actual cost of an item you buy
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| show | When you make a choice between a number of things you loose the opportunity of having the things you did not choose
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| show | Land-anything supplied by nature,Labour-human effort put into making something,Capital-money and artificail items e.g machinery,Enterprise-the taking of a risk in bringing the other factors together in hope of making a profit
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| What is the economic system? | show 🗑
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| What is economic growth? | show 🗑
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| What is inflation? | show 🗑
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| How do you claculate the rate of inflation? | show 🗑
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Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
Chimozukee
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