Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
materials, machinery, and workers are assembled in one place |
factory system |
|
|
the government spends more than it receives
|
federal deficit
|
|
|
system of exchange
|
barter
|
|
|
the process of distinguishing colgate from crest
|
product differentiation
|
|
|
the average level of output per worker per hour
|
productivity
|
|
|
a study of how wealth is created and distributed
|
economics
|
|
|
an organized effort to produce and sell goods and services for a profit
|
business
|
|
|
a system where individuals own and operate the majority of businesses
|
capitalism
|
|
|
a person who takes the risk and invests in a business
|
entrepreneur
|
|
|
value of all goods and services produced within a country during a one-year time period
|
gross domestic product (GDP)
|
