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Java Games: Flashcards, matching, concentration, and word search. |
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Chapter 4.01A Vocab Review
Identify key vocabulary discussed in the first section of this chapter on economics. (from lecture 1)
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| economy | the way a nation makes choices about how to use its resources |
| capital | money needed to start and operate a business |
| scarcity | difference between wants and needs on limited resources |
| infrastructure | a country's physical development- roads, ports, utilities, sanitation, etc. |
| factors of production | resources used in producing goods and services |
| labor | human resources |
| entrepreneurship | the skills of people who are willing to risk their time and money to run a business |
| economics | the study of how nations use scarce resources |
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Marketing Instructor, DECA Advisor |
Buena High School |
| Sierra Vista, AZ |
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