Flashcards
Unit 1
Cards in this deck (12)
- 1Things you can see and touchGoods
- 2Person who buys and uses goods and servicesConsumer
- 3Point where supply and demand are equalMarket price
- 4Process of choosing which wants, among several options, will be satisfiedEconomic decision making
- 5things that add comfort and pleasure to your lifewants
- 6a nation's plan for answering the three economic questionseconomic system
- 7an economic system that combines elements of the command and market economicsmixed economy
- 8an economic system in which the resources are owned and controlled by people of the countrymarket economy
- 9quantity of a good or service that consumers are willing and able to buydemand
- 10an economic system in which resources are owned and controlled by the governmentcommand economy
- 11an economic system in which goods and services are produced the way they have always been donetraditional economy
- 12means through which goods and services are producedeconomic resources
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- High School Diploma Pre-technology Flashcards on Unit 1, created by Courtney Blanchard on 24/05/2016.
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- Courtney Blanchard
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