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Citizenship and Economics Review

AB
Agriculturefarming
Capitalresources made by people, such as buildings, tools, and machinery
Citizenshipentitles a person to the rights and responsibilities of their nation
Civic Issuea public matter
Compromiseboth sides of a conflict give up something
Consumerspeople who purchase goods and services
Conflictdisagreement of goals or interests
Demandthe level of consumer interest in a product
Democraciescitizens have the freedom to participate in government
Entrepreneurshipactivities of people who decide what kind of economic activity to pursue
Fairnesshonest, impartial and by the rules
GoodsItems that can be bought and sold
Justiceright and proper treatment
Laborskills and time contributed by people to the production of goods and services
LandResources found in nature, such as soil, minerals, and trees
Compromiseboth sides work together to reach their goals, give up some of the things they want, win a little; neither side loses too much
Votingpeople involved take a vote to decide; majority wins
Confrontationmore like a competition; both sides want to win; involves a power struggle in which neither side wants to lose
Authoritysolutions are reached by using a third party (sometimes called an arbitrator); conflicts may be decided through a legal settlement

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