Study sets matching "social economics"

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Study sets matching "social economics"

37 terms
economics assesment
demand
law of demand
3 factors that influence demand
substitution effect
the willingness and ability to buy or consume something
as price goes up, quantity demanded goes down.
sustitution effect, real income effect, diminishing marginal…
as the price of one good or service goes up, quantity demande…
demand
the willingness and ability to buy or consume something
law of demand
as price goes up, quantity demanded goes down.
Economic and Social Goals
Economic Freedom
Economic Efficiency
Economic Equity
Economic Security
The freedom for people to make their own economic decisions,…
Resources are used wisely and that the benefits gained are gr…
The social goal that explains why so many people support laws…
Protection from bad economic situations such as unemployment.…
Economic Freedom
The freedom for people to make their own economic decisions,…
Economic Efficiency
Resources are used wisely and that the benefits gained are gr…
15 terms
Social Studies: Economics Handbook
goods
services
economy
specialization
Something that could be bought or sold
Actions or activities that one person performs for another
A system of producing and distributing goods and services to…
Each person specializes in the task that he or she is good at…
goods
Something that could be bought or sold
services
Actions or activities that one person performs for another
25 terms
Social 30 - Economics Terms
Capitalism
Mercantilism
Communism
Mixed Economy
An economic system based on private ownership and on the inve…
An economic policy where nations try to gather as much gold a…
This ideology's economic system outlaws private property, and…
An economy in which private enterprise exists in combination…
Capitalism
An economic system based on private ownership and on the inve…
Mercantilism
An economic policy where nations try to gather as much gold a…
42 terms
Social Economics
Economics
Scarcity
Three economic questions
Needs
Study of the production, distribution, exchange, and consumpt…
The basic problem faced by economic systems.
What goods/services should be produced. How should they be pr…
Things required for survival.
Economics
Study of the production, distribution, exchange, and consumpt…
Scarcity
The basic problem faced by economic systems.
Social: economics
economics
economics
economics
economics
The study of how society manages its scarce resources
The science which studies human behavior as a relationship... be…
The study of how individuals and societies choose to use the…
The study of how individuals and society generally make choic…
economics
The study of how society manages its scarce resources
economics
The science which studies human behavior as a relationship... be…
29 terms
6th grade social studies Economics
Market Economy
Traditional Economy
Mixed Economy
Command Economy
People are free to buy and sell, consumers have choices.
Community makes its own goods.
Economic system combine 2 or more of market.
They command you to do whatever they say, consumers have no c…
Market Economy
People are free to buy and sell, consumers have choices.
Traditional Economy
Community makes its own goods.
25 terms
Social 30 - Economics Terms
Capitalism
Mercantilism
Communism
Mixed Economy
An economic system based on private ownership and on the inve…
An economic policy where nations try to gather as much gold a…
This ideology's economic system outlaws private property, and…
An economy in which private enterprise exists in combination…
Capitalism
An economic system based on private ownership and on the inve…
Mercantilism
An economic policy where nations try to gather as much gold a…
25 terms
Social 30 - Economics Terms
Capitalism
Mercantilism
Communism
Mixed Economy
An economic system based on private ownership and on the inve…
An economic policy where nations try to gather as much gold a…
This ideology's economic system outlaws private property, and…
An economy in which private enterprise exists in combination…
Capitalism
An economic system based on private ownership and on the inve…
Mercantilism
An economic policy where nations try to gather as much gold a…
Economics 4th grade social studies
economics
human resources
capital resources
natural resources
The study of how goods and services are produced and distribu…
People who work to produce goods and services
The money, tools, equipment, and buildings that are used to p…
the things from nature such as: land, forests, minerals, wate…
economics
The study of how goods and services are produced and distribu…
human resources
People who work to produce goods and services
Economics Social Studies 6th Grade
Market Economy
Traditional Economy
Command Economy
Quota
An economic system in which there is free competition and pri…
An original economic system in which traditions, customs, and…
An economy in which the government decides... what and how goods…
A limit placed on the number of imports... that may enter the co…
Market Economy
An economic system in which there is free competition and pri…
Traditional Economy
An original economic system in which traditions, customs, and…
17 terms
Economics Social Studies 6th Grade
Market Economy
Traditional Economy
Command Economy
Quota
An economic system in which there is free competition and pri…
An original economic system in which traditions, customs, and…
An economy in which the government decides... what and how goods…
A limit placed on the number of imports... that may enter the co…
Market Economy
An economic system in which there is free competition and pri…
Traditional Economy
An original economic system in which traditions, customs, and…
Social Economics
Economics
Scarce
Conserve
Economic value
The study of choosing
The amound availible is limited
Limiting the use
Is determined by how useful or valued something is
Economics
The study of choosing
Scarce
The amound availible is limited
62 terms
Social Studies 4-8:Economics
Free Enterprise System
Command Economy
Socialist System
Capital
America's economic system; private or corporate ownership of…
Economic decisions are made by the central government. Govern…
Government owns most basic industries, decides how much to pa…
Money used to expand a business
Free Enterprise System
America's economic system; private or corporate ownership of…
Command Economy
Economic decisions are made by the central government. Govern…
Social: Economics
Economics
Economics
oikonomos
Economics as a Social Science
science of choice
study of how individuals and society generally makes choices…
"one who manages a household"
systematic body of knowledge which utilizes the scientific ap…
Economics
science of choice
Economics
study of how individuals and society generally makes choices…
Economics Social Studies 6th Grade
Market Economy
Traditional Economy
Command Economy
Quota
An economic system in which there is free competition and pri…
An original economic system in which traditions, customs, and…
An economy in which the government decides... what and how goods…
A limit placed on the number of imports... that may enter the co…
Market Economy
An economic system in which there is free competition and pri…
Traditional Economy
An original economic system in which traditions, customs, and…
16 terms
Political, Social, and Economic Systems
Democracy
Direct Democracy
Representative Democracy
Monarchy
People have the power.
Each person's vote counts toward the grand total. Local and s…
Each person actually votes for an intermediary, who will then…
The king, queen, or emperor has the power. This power is pass…
Democracy
People have the power.
Direct Democracy
Each person's vote counts toward the grand total. Local and s…
40 terms
Social Economics
Economics
Microeconomics
Macroeconomics
Consumer
Way of thinking... Social science of scarcity
Efficiency, fairness
price stability, full employment, inflation, economic growth
Buyers... Form economic system, uses economic system,
Economics
Way of thinking... Social science of scarcity
Microeconomics
Efficiency, fairness
Social Economics
scarce
conserve
economic value
consumerism
the amount available is limited
limiting the use
value is determined by how useful or valued something is to h…
produce to consume/luxuries become necessities
scarce
the amount available is limited
conserve
limiting the use
65 terms
Social Economics
What did the coal miners strike do
Teddy Roosevelt
Rockefeller
Standard Oil
unions=self interest
+ government intervention, + government equity, NO MONOPOLIES
-individualist, self sustaining, took MAJOR advantage of the…
monopolized oil industry... -TAFT persecuted them under the sher…
What did the coal miners strike do
unions=self interest
Teddy Roosevelt
+ government intervention, + government equity, NO MONOPOLIES
14 terms
Social Economics
Utilitarianism
Bourgeoisie
Proletariats
The Communist Manifesto
people should judge ideas institution and actions basic of th…
Marx and Engel argued that human societies had been divided i…
Marx and Engel argued that human societies had been divided i…
Marx and Engel wrote a radical type of socialism
Utilitarianism
people should judge ideas institution and actions basic of th…
Bourgeoisie
Marx and Engel argued that human societies had been divided i…
Social - Economics
Economic Systems
Traditional economy
Command economy
Mixed economy
People make and distribute goods and services. Roles of indiv…
People make economic choices on customs and habits... Usually hu…
Central government makes all economic choices. Examples: Nort…
Most economies are like this. Has mixed elements of tradition…
Economic Systems
People make and distribute goods and services. Roles of indiv…
Traditional economy
People make economic choices on customs and habits... Usually hu…
Social Studies - Economics
Mixed Economy
Command Economy
Traditional Economy
Market Economy
An economy that has traits in common with both a command econ…
An economy where all the decisions about production, distribu…
An economy in which little to no technology is used. People i…
Also known as "capitalism," in this type of economy individua…
Mixed Economy
An economy that has traits in common with both a command econ…
Command Economy
An economy where all the decisions about production, distribu…
Social economics
Economy
Goods
Services
Scarcity
The resources and process od the production distribution and…
Products or possession
Things that help or do work for us
Limited resources for the want and need demand
Economy
The resources and process od the production distribution and…
Goods
Products or possession
34 terms
social 9 (economics)
Economics
Economic system
Economy
Scarcity
The study of the production, distribution and consumption of…
The way a society organizes the production, distribution and…
The resources and processes involved in the production, distr…
in economics, the idea that land (materials), labour and capi…
Economics
The study of the production, distribution and consumption of…
Economic system
The way a society organizes the production, distribution and…
Economics // SOCIAL
Opportunity cost
Trade offs
Macroeconomics
Microeconomics
The true cost of choosing one alternative over the other
Giving up one thing in order to obtain another
Deals with large bodies of economics like government, worldwi…
Deals with behavior and decisions of smaller unit like famili…
Opportunity cost
The true cost of choosing one alternative over the other
Trade offs
Giving up one thing in order to obtain another
11 terms
Economics and social
CSR
Ethical environment
Public relations
Technological change
Corporate social responsibility
Morals and beliefs
Actions to achieve a positive relationship with stakeholders
Change In range, applications and efficiency
CSR
Corporate social responsibility
Ethical environment
Morals and beliefs
Social Studies Economics
Supply
Demand
Excess
Surplus
the amount of a good or service there is
how many people want a good or service
to have more than necessary, when Supply is higher than Demand
to have more than necessary, when Supply is higher than Demand
Supply
the amount of a good or service there is
Demand
how many people want a good or service
social and economic goals of Economics
economic freedom
economic efficiency
economic equity
economic security
business owners choosing where and now they produce
making sure we don't run out of resources
fairness in basis of age, religion
keeping the work environment secure with helping injured work…
economic freedom
business owners choosing where and now they produce
economic efficiency
making sure we don't run out of resources
26 terms
6th Social Studies Economics
Scarcity
As supply goes up, what happens to pri…
As supply goes down, what happens to p…
Economic interdependence
Little amounts of goods, services, or resources so that it is…
The price of the goods go down
The price of an item goes up.
when countries rely on one another for resources, technology…
Scarcity
Little amounts of goods, services, or resources so that it is…
As supply goes up, what happens to pri…
The price of the goods go down
30 terms
GED Social Studies: Economics
Capital
producer goods
consumer goods
raw materials
An economic system based on open competition in a free market…
Goods bought and used by companies, such as machines. Also kn…
Finished products that are consumed by an individual.
Basic substance in its natural, modified, or semi-processed s…
Capital
An economic system based on open competition in a free market…
producer goods
Goods bought and used by companies, such as machines. Also kn…
Social Economics
What are the scarcity factors?
What is scarcity?
Who shifted right in Canada's economy
What did Brian Mulroy do?
Land, labour, capital
Resources are limited
Brian Mulroy
Cut govt spending, privatized govt owned corps, NAFTA
What are the scarcity factors?
Land, labour, capital
What is scarcity?
Resources are limited
14 terms
Social Economics
Utilitarianism
Bourgeoisie
Proletariats
The Communist Manifesto
people should judge ideas institution and actions basic of th…
Marx and Engel argued that human societies had been divided i…
Marx and Engel argued that human societies had been divided i…
Marx and Engel wrote a radical type of socialism
Utilitarianism
people should judge ideas institution and actions basic of th…
Bourgeoisie
Marx and Engel argued that human societies had been divided i…
Economic/Social
income, ability to purchase foods, acc…
boiled or fried... grits, cornbread, pork…
boiled, steamed or stir-fried... rice, no…
fried... tortillas, rice, fish, beans, po…
Socioeconomic Factors... Intake is affected by ___________
African - foods are usually ____________; common foods includ…
Asian - foods are usually ____________; common foods include…
Mexican - foods are usually ___________; common foods include…
income, ability to purchase foods, acc…
Socioeconomic Factors... Intake is affected by ___________
boiled or fried... grits, cornbread, pork…
African - foods are usually ____________; common foods includ…
18 terms
social economics
collective bargaining
competition
consumers
demand
negotiation of wages and other conditions of employment by an…
competition is the rivalry among sellers trying to achieve su…
a person or organization that uses a commodity or service.
the desire to purchase, coupled with the power to do so.... the…
collective bargaining
negotiation of wages and other conditions of employment by an…
competition
competition is the rivalry among sellers trying to achieve su…
27 terms
Social-Economics
Consumers and producers
Consumers
Producers
Scarcity
What is the economy based on?
Those who use products and services
Those who create products and services
Our ability to consume is greater than our ability to produce…
Consumers and producers
What is the economy based on?
Consumers
Those who use products and services
Social economics
Economics
Publicly owned
Supply and demand
Economic system
The study of distribution production and consumption of goods…
The part of economy that is owned by the government; paid for…
Amount of product available to the consumers and their desire…
How a society organizes a production distrabution and consump…
Economics
The study of distribution production and consumption of goods…
Publicly owned
The part of economy that is owned by the government; paid for…
13 terms
Social Studies- Economics
Economics
Economy
Natural Resources
Human Resources
The study of how people use limited resources to produce good…
Activities related to making, trading and selling goods and s…
Things in nature that people find useful
works and their skills
Economics
The study of how people use limited resources to produce good…
Economy
Activities related to making, trading and selling goods and s…
5 terms
Economic Social Studies Vocabulary
Consume
Demand
Goods
Income tax
To use goods and services to satisfy economic wants.
The product buyers are willing and able to buy at different p…
Things that people make or grow that satisfy their wants. Exa…
Money paid to the government based on the income usually from…
Consume
To use goods and services to satisfy economic wants.
Demand
The product buyers are willing and able to buy at different p…
12 terms
CORE Social Studies: Economics
Income taxes on individuals
Tax cuts or lowering of rates
Tax increase or raising of rates
Income taxes on corporations
Tax on an individual's income, range from 10-35%
Can provide an economic stimulus
Can slow down the rate of inflation
Tax on business profits
Income taxes on individuals
Tax on an individual's income, range from 10-35%
Tax cuts or lowering of rates
Can provide an economic stimulus
10 terms
Economics Terms - Social Studies
Traditional Economy
Market Economy
Command Economy
Mixed Economy
The oldest economy type, which relies solely on farming, trad…
A system where private businesses and consumers control the e…
A government-controlled economy - all businesses are governme…
A combination of command and market economies. Most countries…
Traditional Economy
The oldest economy type, which relies solely on farming, trad…
Market Economy
A system where private businesses and consumers control the e…
Social Science | Economics
Adaptive expectations
Adverse selection
Agency costs
Amortization
It's a theory in which past events are treated as important i…
It refers to a situation in which sellers possess information…
They're conflicts between shareholders and company managers.
It's the paying off of debt with a fixed schedule in regular…
Adaptive expectations
It's a theory in which past events are treated as important i…
Adverse selection
It refers to a situation in which sellers possess information…
14 terms
Economic and Social vocab
demand
interest
unemployment
industrialization
the amount of a good/service that people want/need
a charge for borrowing money
the percentage of people in a country who are out of a job
the switch from farming to factories
demand
the amount of a good/service that people want/need
interest
a charge for borrowing money
12 terms
Economic Terms for Social Studies
Producer
Consumer
Goods
services
People who make goods or produce services.
People who use a good or service.
Something you use and consume. Goods are things that you can…
Something that someone does for you. When you buy a service,…
Producer
People who make goods or produce services.
Consumer
People who use a good or service.
17 terms
Social Studies Economics Vocab.
Supply and Demand
Currency
Bartering
Trade Route
The amount of a resource or product that is available and how…
A system of money in a particular place or country.
A form of trade where one good is exchanged directly for anot…
A commonly used course of travel used for exchanging goods or…
Supply and Demand
The amount of a resource or product that is available and how…
Currency
A system of money in a particular place or country.
36 terms
Social Studies - Economics
Mixed Economy
Command Economy
Traditional Economy
Market Economy
An economy that has traits in common with both a command econ…
An economy where all the decisions about production, distribu…
An economy in which little to no technology is used. People i…
Also known as "capitalism," in this type of economy individua…
Mixed Economy
An economy that has traits in common with both a command econ…
Command Economy
An economy where all the decisions about production, distribu…
10 terms
Social Studies-Economics 2016
mining
conserving
economics
natural resources
taking resources from the earth
protecting from damage or loss
the study of how a community's resources are shared-the way g…
riches that are found in nature such as land, forests, minera…
mining
taking resources from the earth
conserving
protecting from damage or loss
26 terms
Social, Economic, and Political Problems
Working Class
Middle Class
Upper Class
Immigration
This portion of society tended to be uneducated, work in fact…
This portion of society tended to have some education. They h…
This portion of society tended to have a lot more education.…
The action of coming to live permanently in a foreign country.
Working Class
This portion of society tended to be uneducated, work in fact…
Middle Class
This portion of society tended to have some education. They h…
31 terms
Social Studies Review-Economics
Economics
Goods
Services
Examples of goods
the study of how people deal with the problems of production…
physical products, such as food and clothing
work that you will pay to have done (often you could do the w…
Food... Shirts... pants... Pencils... Sneakers
Economics
the study of how people deal with the problems of production…
Goods
physical products, such as food and clothing
25 terms
Economic, Political and Social Systems
Economic System
Human Resources
Human made Resource
Natural Resource
A way of organizing resources and creating systems to buy and…
A resource that humans have: labor, knowledge
A resource made by humans
A resource found in nature
Economic System
A way of organizing resources and creating systems to buy and…
Human Resources
A resource that humans have: labor, knowledge
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