| A | B |
|---|
| SCIENCE | A PROCESS BY WHICH KNOWLEDGE IS OBTAINED FROM OBSERVATION |
| PHYSICAL SCIENCE | A FIELD OF STUDY THAT EXAMINES NON LIVING MATTER |
| NATURAL SCIENCE | A FIELD OF STUDY THAT EXAMINES PRIMARILY LIVING MATTER |
| SOCIAL SCIENCE | THE STUDY OF SOCIETIES AND SOCIAL BEHAVIORS |
| SCIENTIFIC APPROACH | RELATING QUESTIONS/THEORIES TO EVIDENCE |
| HIERARCHY | ORGANIZED OR CLASSIFIED ACCORDING TO RANK OR IMPORTANCE |
| INNATE NEEDS | NEEDS THAT DO NOT REQUIRE MUCH THOUGHT |
| ACQUIRED NEEDS | NEEDS THAT REQUIRE MUCH THOUGHT |
| EXPLOITED | TAKEN ADVANTAGE OF BY A PARTICULAR GROUP |
| NEEDS | THINGS THAT ARE MUST HAVES IN ORDER TO SURVIVE |
| WANTS | THE NICE TO HAVE LUXURIES |
| RATIONAL | WELL THOUGHT OUT / LOGICAL |
| THE RULE OF 70 | THE NUMBER TO DIVIDE INTO TO SEE HOW LONG UNTIL AN INVESTMENT DOUBLES |
| GOODS | PHYSICAL OBJECTS THAT ARE TANGIBLE AND CAN BE TOUCHED |
| SERVICES | ACTIONS OR ACTIVITIES THAT ARE PERFORMED FOR ANOTHER PERSON |
| SCARCE | A FUNDAMENTAL LIMIT OF AVAILABLE RESOURCES |
| SHORTAGE | NOT PRODUCING UP TO FUNDAMENTAL CAPABILITIES |
| FACTORS OF PRODUCTION | LAND, LABOR, AND CAPITAL |
| LAND | NATURAL RESOURCES |
| LABOR | HUMAN EFFORT THAT IS EXERTED |
| PHYSICAL CAPITAL | GOODS THAT ALLOW FOR THE MORE EFFICIENT PRODUCTION OF OTHER GOODS / SERVICES |
| HUMAN CAPITAL | THE HUMAN KNOWLEDGE THAT ALLOWS TASKS TO BE COMPLETED MORE EFFICIENTLY |
| MICROECONOMICS | THE STUDY OF FUNDAMENTAL ECONOMIC DECISION MAKING |
| MACROECONOMICS | THE STUDY OF HOW SOCIETIES / INDUSTRIES ANSWER THE BASIC ECONOMIC QUESTIONS |
| CONSUMER ECONOMICS | THE STUDY OF HOW INDIVIDUALS GO ABOUT RUNNING THEIR DAY TO DAY FINANCES |
| BEHAVIORAL ECONOMICS | THE STUDY OF HOW ECONOMICS RELATES TO NON MONEY SITUATIONS |
