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Java Games: Flashcards, matching, concentration, and word search. |
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Economics Basics & Systems Vocabulary
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| A | B |
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| Economics | a social science |
| Economic Systems | economic systems |
| Command | government controls |
| Market | businesses control |
| Traditional | very poor economic system |
| Mixed | command & market combined |
| Distribution | way to give out goods |
| Consumption | using up goods |
| Production | making of goods and services |
| Consumer Goods | bought off shelf |
| Capital Goods | makes consumer goods & serv. |
| Wants | don't have to have to survive |
| Needs | have to have to survive |
| Services | cannot be touched |
| Subsistence | barely getting by |
| Agriculture | also known as "farming" |
| Communism | synonym to "command" |
| Free Enterprise | competition is allowed |
| scarcity | not having enough resources |
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