s.s 1
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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| any one who buys a good or a service | consumer
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| These days people usually use money to get what they want. before there was money, people had to trade to get what they wanted. | Barter
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| work performe for others | Service
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| this is a word for merchandise, a product you can actually touch | Goods Goods
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| how much of something is available | supply
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| how much of something people want | Demand
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| This means that there are limited resources, and therefore, people must make choices. | Scarcity
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| Anyone who buys a god or a service | Consumer
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| anyone who makes or grows a good or performs a service | producer
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| The process of choosing one good or service over another | oportnity cost
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| When a person or company makes money on a product or services after paying for he cost of it | Profit
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| When a person or company loses money on a product or service after paying for the cost of it | Loss
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| When a individual or a company specializes in doing one part of a task, and relies on others to complete the other parts. | Specialazion
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| When people depend on one another | interdependence
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| The money that the government collects from individuals and businesses to pay for public goods and services. | Taxes
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| A person who comes up with a product or service, or a better way to produce one | entrepuner
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| means conmpetition. Companies compete with one another to get the most customers, and therefore, make the most money. | Free Enerprize
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
brad153
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