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
|
the study of how we make choices
|
economics
|
|
|
things we need for survival
|
needs
|
|
|
things we would like to have
|
wants
|
|
|
government payment to individual, bussiness, or group for certain actions
|
subsidy
|
|
|
desire, willingness, and ability to buy a good or service
|
demand
|
|
|
one seller;many buyers
|
monopoly
|
|
|
natural resources,capital,labor,
and entrepreneurship |
factors of production
|
|
|
breaking down a job into small task
|
divison of labor
|
|
|
the amont of money left over after all the cost of production have been paid
|
profit
|
|
|
a plan to spend money
|
budget
|
