Upgrade to remove ads
8th Grade - Economics Unit
Terms in this set (26)
The study of how to best manage our resources
How should we use our resources?
The main principle of Biblical economics. It allows people to freely produce and sell goods/services.
When we work, we experience what 3 things?
dignity, responsibility, fulfillment
Work didn't become a ___________ until after the fall.
Work has its ________________.
One-tenth set apart as an offering to God
an economic system that allows private ownership of property and the right to keep one's wealth
an economic system that allows government control of property and the redistribution of personal wealth.
advantage of capitalism: development of ____ ______
advantage of capitalism: free ____ and ____ (not government controlled)
advantage of capitalism: Government doesn't control curriculum in _________________
advantage of capitalism: the right to own ________ and to keep your ____________
our use of and care for resources
something that motivates someone to act
__________ provides incentives for better stewardship.
God is ______________ over our wealth and poverty
____________ God with our possessions may lead to even greater ______________.
Wealth follows _____________.
Poverty can be caused by what 3 things?
laziness, not following God's plan, natural disasters
God has designed us to _________________.
Through work, we gain possessions that we can use to ______________ and _______________ exchange for other things that we need or desire.
We should be willing to _____________ our abundance.
An independently owned business has more freedom to invest in better ______________ of ______________.
______________ ________________ provides a better product for the customer.
_________________________ between businesses results in __________ prices.
YOU MIGHT ALSO LIKE...
Catholic Social Teaching -- Section 4 Part 1 -- Ec…
Principle of Business Unit 5
OTHER SETS BY THIS CREATOR
Grammar: Part of Speech
OT Books and key Phrases
Class room commands