3.1 The U.S. Private Sector flash cards

Set: 3.1 The U.S. Private Sector

Familiarize	Learn		Test
Play Scatter		Play Space Race
Voice Scatter		Voice Race

Combine with other sets	Login to add to Favorites
Print: Term List \| Flashcards	Editing not allowed
Export	Deleting not allowed

Share these flash cards

With group: None	Optional message From:
HTML link to set:	Tiny link:
Share on Facebook	Share on MySpace

All 4 terms

Term	Definition
Household	The most important economic decision maker, consisting of all those who live under one roof
Utility	The level of satisfaction from consumption or sense of well-being
Firm	A business unit or enterprise formed by a profit seeking entrepreneur who combines resources to produce goods and services
Industrial Revolution	Development of large scale production during the eighteenth century

Set Information

Terms	4
Creator	mjdolenko
Created	October 7, 2009
Groups	None
Subject	Economics
Access	Anyone
Edit	Creator Only
Report as inappropriate

Get rid of ads on Quizlet

Description

The U.S. private sector includes three groups of economic decision makers: households, firms, and the rest of the world.

Pop out

Discuss

mjdolenko : You have been part of a household your entire life. We get utility from the things we buy because shopping makes us happy. We by things from firms who emerged during the Industrial Revolution.

Report as inappropriate

Last Message: 1 month ago