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;
8 Cards in this Set
- Front
- Back
|
economy
|
a system for producing, distributing, consuming, and owning goods, services, and wealth
|
|
|
Goods
|
products that are made to be sold; cars, baskets, computers, and paper are all examples of goods.
|
|
|
services
|
work done or duties performed for other people, such as the work of a doctor, or a television repair man.
|
|
|
consumer
|
a person who buys goods and services.
|
|
|
government
|
the system that establishes and enforces the laws and institutions of a society. Some governments are controlled by a few people and others are controlled by many.
|
|
|
monarchy
|
a system of government headed by a monarch - usually a king or queen - who inherits the throne by birth
|
|
|
constitutions
|
a set of laws that defines and limits a government's power.
|
|
|
dictator
|
a ruler who has complete power over a country.
|
