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Study sets matching "social studies economics"

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Study sets matching "social studies economics"

9 terms
Social studies economics
Market economy
Economic
Market economic system
Commend economic systems
What to produce how much and price.
Decisions made by individuals looking out for their best inte…
Countries with a mixed economy including Iceland, Sweden,ect.
People are told what jobs they can have.
Market economy
What to produce how much and price.
Economic
Decisions made by individuals looking out for their best inte…
15 terms
Social studies (economics)
Import
Export
NAFTA
Tariff
To bring in products from other countries to be sold or used.
send out of the country to be sold or used
North America Free Trade Agreement: designed to remove tariff…
A tax or duty to be paid on some imports or exports.
Import
To bring in products from other countries to be sold or used.
Export
send out of the country to be sold or used
19 terms
economics // social studies
Choice
Competition
Consumer sovereignty
Consumption
Selecting an item or action from a set of alternatives
Rivalry between producers/sellers of a good or service
Through their purchases, consumers determine what goods and s…
Using goods and services
Choice
Selecting an item or action from a set of alternatives
Competition
Rivalry between producers/sellers of a good or service
29 terms
social studies economic
primary industry
secondary industry
tertiary industry
Quaternary industry
directly involve raw materials/ natural resources.
change resources created by primary industries into finished…
handle goods ready to be sold to consumers.
people have highly special skills. improving goods and servic…
primary industry
directly involve raw materials/ natural resources.
secondary industry
change resources created by primary industries into finished…
8 terms
Social Studies: Economics
supply
demand
opportunity cost
scarcity
...
...
...
...
supply
...
demand
...
18 terms
3rd Social Studies Economics
Goods
Services
Abundance
Scarcity
things made or grown by people to sell to others
jobs that on person or group does for another
a large supply of something to meet people's needs
not enough of something to meet people's needs
Goods
things made or grown by people to sell to others
Services
jobs that on person or group does for another
9 terms
Social Studies Economics
Goods
Services
Gross Domestic Product (GDP)
Human Capital
Something you can buy (ex. books,cars,clothes)
Something that you pay someone to do for you (ex. haircut, ca…
The total value of all goods and services produce in a countr…
Education, skills training, and healthcare for workers.
Goods
Something you can buy (ex. books,cars,clothes)
Services
Something that you pay someone to do for you (ex. haircut, ca…
19 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.
12 terms
Social Studies Economics Review
price incentives
rationing
genocide
15th amendment
prices that act as an incentive to buy products. low prices =…
A fixed portion, especially an amount of food allotted to per…
the deliberate killing of a large group of people, especially…
granted African American men the right to vote
price incentives
prices that act as an incentive to buy products. low prices =…
rationing
A fixed portion, especially an amount of food allotted to per…
13 terms
Mollie - Economics - Social Studies
volunteer
needs
wants
opportunity cost
a person who offers to work, usually without pay.
certain things that people must have to live.
are things people would like mohave but do not need in order…
What people give up to get or do something else.
volunteer
a person who offers to work, usually without pay.
needs
certain things that people must have to live.
14 terms
Economic Terms - Social Studies
Economics
Entrepreneur
Capital
Credit
The study of how people use their limited resources.
Someone who risks their personal finance to start a company/b…
Wealth & the form of other assets used for starting a busines…
When you borrow money from a bank. Ex: Visa & Master Card
Economics
The study of how people use their limited resources.
Entrepreneur
Someone who risks their personal finance to start a company/b…
10 terms
Social Studies/ Economics
benefit
borrowing
capital resources
consumer
something that satisfies your wants
promising to repay a given amount of money, often with added…
special goods such as tools, equipment, machines, and buildin…
a person who buys goods or services to satisfy wants
benefit
something that satisfies your wants
borrowing
promising to repay a given amount of money, often with added…
10 terms
Social Studies / Economics
Economic System
Economy
Entrepreneur
Goods
Establishes how a country produces and distributes good and s…
The production and distribution of goods and services within…
A person who organizes productive resources to take the risk…
Something that you can touch or hold
Economic System
Establishes how a country produces and distributes good and s…
Economy
The production and distribution of goods and services within…
28 terms
Social Studies Economics
currency
goods
services
income
any kind of money that people in a country use for trade
things people buy or sell
work that one person does for antoher
money people earn for work
currency
any kind of money that people in a country use for trade
goods
things people buy or sell
18 terms
Economics- Social Studies Unit
economics
buyer
seller
exchange
how money, goods and services are produced and used
a person who gives money or trades items for things he or she…
a person who sells goods or services to other people
when you trade or give up one item for another item
economics
how money, goods and services are produced and used
buyer
a person who gives money or trades items for things he or she…
20 terms
Social Studies: Economics
economy
service
agriculture
goods or products
What is it when countries use or produce natural resources, g…
What do you call a job people do to help others, rather than…
What is the practice of growing crops and raising animals?
What are the things that are manufactured, such as cars, comp…
economy
What is it when countries use or produce natural resources, g…
service
What do you call a job people do to help others, rather than…
37 terms
Social Studies: Economics
Economics
Command Economy
Market Economy
5 Characteristics of a Market Economy
study of buying choices that people make, the production of g…
government controls what and how much is produced, methods us…
producers decide and consumers affect producers decisions by…
economic freedom - choice of job, salary, production, price... e…
Economics
study of buying choices that people make, the production of g…
Command Economy
government controls what and how much is produced, methods us…
13 terms
Social Studies-Economics
Economics
Service
Supply
Labor or human resources
The study of how people produce and buy things
Things people do for someone else
The amount of product that a producer is willing and able to…
Human effort to produce a good or service (ex-Man)
Economics
The study of how people produce and buy things
Service
Things people do for someone else
17 terms
Social studies economics 1
Economics
Good
Service
Resource
The scince that deals with the production, distribution, and…
Any item that can be bought or sold
Any action that people or person can do for another in exchan…
Anything thatcan be used to make a want or need
Economics
The scince that deals with the production, distribution, and…
Good
Any item that can be bought or sold
9 terms
Social Studies Economics Terms
Economics
Good
Service
Resource
Is money and what we do with it.
A good is any item that can be bought or sold.
A service is any action that one person or group does for ano…
A resource is anything used to produce a good service that ca…
Economics
Is money and what we do with it.
Good
A good is any item that can be bought or sold.
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.
25 terms
Social Studies/ Economics
economics
consumer
producer
goods
making, buying, or selling something that people need or want
a person who uses and buys goods and services
a person who makes goods or provides a service
things you buy
economics
making, buying, or selling something that people need or want
consumer
a person who uses and buys goods and services
9 terms
Social Studies Economic Terms
Economics
Good
Service
Resource
Is the study of how we produce and distribute our wealth
Is any term that can be bought or sold
Is any action that one person or group does for another for e…
Is anything used to produce a good or a service that can be u…
Economics
Is the study of how we produce and distribute our wealth
Good
Is any term that can be bought or sold
30 terms
Social Studies Economic Vocabulary
Economics
Money
Consumers
Producers
The study of the production, consumption and distribution of…
A good used to buy other goods and services.
People who buy and or use goods and services.
People who use resources to make goods and services.
Economics
The study of the production, consumption and distribution of…
Money
A good used to buy other goods and services.
18 terms
Economics- Social Studies Unit
economics
buyer
seller
exchange
how money, goods and services are produced and used
a person who gives money or trades items for things he or she…
a person who sells goods or services to other people
when you trade or give up one item for another item
economics
how money, goods and services are produced and used
buyer
a person who gives money or trades items for things he or she…
13 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.
22 terms
Social Studies Economics Vocabulary
economy
capital
natural resources
goods
The activities related to the making, trading and selling of…
The money, tools, machinery or etc. owned by an individual or…
The natural wealth of a country, consisting of land, forests,…
Things that people make or grow.
economy
The activities related to the making, trading and selling of…
capital
The money, tools, machinery or etc. owned by an individual or…
18 terms
GED Social Studies Vocabulary--Economics
entrepreneur
laissez-faire capitalism
free enterprise
capacity
someone who starts his/her own business
an economic system in which the means of production and distr…
Economic system in which individuals and businesses are allow…
A measure of the maximum output an organization, department,…
entrepreneur
someone who starts his/her own business
laissez-faire capitalism
an economic system in which the means of production and distr…
19 terms
CORE Social Studies: Economics 2
What are the three fundamental questio…
What is scarcity?
In a market economy economic questions…
What is the difference between a good…
What to produce? How should it be produced? Who gets what is…
When a desired good or service is not readily available or th…
Producers and Consumers.
Goods are something people make and can be seen and touched o…
What are the three fundamental questio…
What to produce? How should it be produced? Who gets what is…
What is scarcity?
When a desired good or service is not readily available or th…
30 terms
Social Studies, Economics - Praxis 5089
Economic Functions of Governments
Maintaining Competition
Maintaining Legal and Social Framework
Providing Public Goods and Services
Maintaining Legal and Social Framework... Providing Public Goods…
Create and enforce antitrust laws; regulate natural monopolies.
Create laws and provide courts, provide information and servi…
Provide goods and services that markets are unable or unwilli…
Economic Functions of Governments
Maintaining Legal and Social Framework... Providing Public Goods…
Maintaining Competition
Create and enforce antitrust laws; regulate natural monopolies.
39 terms
Social Studies Economic Vocabulary
Consumer
Service
Good(s)
Demand
a person who uses food or clothing
a job that people do and get paid for it
A thing or things for sale
To use a product or service
Consumer
a person who uses food or clothing
Service
a job that people do and get paid for it
9 terms
Social Studies Economics Set
Sole Proprietorship
Partnership
Corporation
Land
Owned by one person or family
Owned by two or more people
A business owned using a charter form the government
Resources created by the acts of nature such as farm-able land
Sole Proprietorship
Owned by one person or family
Partnership
Owned by two or more people
16 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…
18 terms
Economic Terms (Social Studies)
Traditional Economy
Command Economy
Market Economy
Mixed Economy
CUSTOMS AMD HABITS OF THE PAST help people to decide what to…
GOVERNMENT OWNS EVERYTHING and makes all the decisions
Economic decisions are guided by changes that occur between B…
There is NO PURE COMMAND OR MARKET ECONOMY
Traditional Economy
CUSTOMS AMD HABITS OF THE PAST help people to decide what to…
Command Economy
GOVERNMENT OWNS EVERYTHING and makes all the decisions
18 terms
Social Studies: Economics
income
essential
withdraw
budget
money you earn over time
something you absolutely need
to take out of an account
plan on how to use your money
income
money you earn over time
essential
something you absolutely need
28 terms
Social Studies, Economics - Praxis 5089
Economic Functions of Governments
Maintaining Competition
Maintaining Legal and Social Framework
Providing Public Goods and Services
Maintaining Legal and Social Framework... Providing Public Goods…
Create and enforce antitrust laws; regulate natural monopolies.
Create laws and provide courts, provide information and servi…
Provide goods and services that markets are unable or unwilli…
Economic Functions of Governments
Maintaining Legal and Social Framework... Providing Public Goods…
Maintaining Competition
Create and enforce antitrust laws; regulate natural monopolies.
23 terms
G 3 Social Studies, Economics
assembly line
income
budget
capital resource
a line of workers in a factory
money that is earned from work
money available for spending
equipment and buildings for a business
assembly line
a line of workers in a factory
income
money that is earned from work
10 terms
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
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
Democracy
Monarchy
Dictatorship
Interdependence
A government in which THE PEOPLE HAVE THE POWER!... Elected gove…
A government in which a King and/or Queen rule the country wi…
A government in which a dictator is the ruler and has absolut…
A term in which countries rely on each other
Democracy
A government in which THE PEOPLE HAVE THE POWER!... Elected gove…
Monarchy
A government in which a King and/or Queen rule the country wi…
16 terms
Social Studies Economic Terms
economics
resources
collective property right
capital
the science that deals with the production distribution and c…
a service or other asset used to produce goods and services t…
property that is owned by a group of individuals. Access use…
goods produced and used to make other other goods and service…
economics
the science that deals with the production distribution and c…
resources
a service or other asset used to produce goods and services t…
21 terms
Social Studies Economics
Opportunity Cost
Saver
Spender
Donator
The chance or risk you take that either benefits or doesn't b…
A person who chooses to save their money and only to spend it…
A person who chooses to spend their money when ever they feel…
A person who chooses to put others' needs first and spend the…
Opportunity Cost
The chance or risk you take that either benefits or doesn't b…
Saver
A person who chooses to save their money and only to spend it…
28 terms
SOCIAL STUDIES: Economics
Economics
Oikonomos
Social
Science
The study of how people make choices ... The science of choice
"one who manages a household"
Because it's central subject is MAN and how he INTERACTS with…
Because it is a SYSTEMATIC body of knowledge which utilizes t…
Economics
The study of how people make choices ... The science of choice
Oikonomos
"one who manages a household"
19 terms
social studies- economic terms
labor
land
management
capital
muscle and brain power.
space to build and natural resources to build your buisness.
"the boss", person or group of people who make sure everythin…
money, equipment, machines, and other items necessary to fini…
labor
muscle and brain power.
land
space to build and natural resources to build your buisness.
31 terms
6th Grade Social Studies- Economics
economics
demand
supply
producers
study of how people meet their wants and needs
desire for certain goods or services
amount of a good or service that is available for use
people of business that make and sell products
economics
study of how people meet their wants and needs
demand
desire for certain goods or services
40 terms
CMS Social Studies Economics
What is an example of a human resource
A situation in which the supply of the…
The loss of years of income resulting…
The type of economy the U.S. has
knowledge
shortage
opportunity cost
mixed economy
What is an example of a human resource
knowledge
A situation in which the supply of the…
shortage
31 terms
Social studies economics
What is economics
Needs
Wants
Law of scarcity 1
The science of making decisions with limited resources.
The things in life we must have to survive.
The things we would like to have that make life more comforta…
All things and resources are limited
What is economics
The science of making decisions with limited resources.
Needs
The things in life we must have to survive.
20 terms
Social Studies- Economics
capitalistic economy
market economy
laissez faire
communism
a market economy, where factors of production are controlled…
people will have a job that pays a salary, or work in a busin…
the philosophy that government should avoid getting involved…
a political theory derived from Karl Marx, advocating class w…
capitalistic economy
a market economy, where factors of production are controlled…
market economy
people will have a job that pays a salary, or work in a busin…
27 terms
Social Studies- Economics
data
data set
present consequences
future consequences
is factual information that has been collected together
a collection of data related to a specific topic
consequences can be felt or seen immediately
consequences may not affect us until years or decades into th…
data
is factual information that has been collected together
data set
a collection of data related to a specific topic
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