Study sets matching "term:economics = the science that deals with the production, distribution, and consumption of goods and services"

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Study sets matching "term:economics = the science that deals with the production, distribution, and consumption of goods and services"

The Production, Distribution and Consumption of Goods
Economy
Goods
Services
Traditional, Market, Command, Mixed
the system of using resources and humans to produce and sell…
Items that are useful to people
Actions performed to satisfy a need or to fulfill a demand
4 types of Economic Systems
Economy
the system of using resources and humans to produce and sell…
Goods
Items that are useful to people
12 terms
1.6- Production, Distribution, and Consumption
Economic systems
command economy
mixed economy
traditional economy
How a country or region handles the production and consumptio…
central government authority that continuously makes and plan…
economy has traits of both a market economy and command econo…
primitive or undeveloped economies, generally rely on subsist…
Economic systems
How a country or region handles the production and consumptio…
command economy
central government authority that continuously makes and plan…
FTCE Elementary Education K-6: Social Science->Competency 5: Knowledge of production, distribution, and consumption(i.e., economics)
Economics: ... What are Economics?
Economics: ... Mixed economy (market/comm…
Types of Economies: ... Traditional Economy
Types of Economies: ... Command Economy
Science that deals with the production, consumption, & distri…
U.S. economy or one in which the government & private busines…
Characterized by bartering & trading and is in rural or farm…
Controled by the government. ... Decisions about what to produc…
Economics: ... What are Economics?
Science that deals with the production, consumption, & distri…
Economics: ... Mixed economy (market/comm…
U.S. economy or one in which the government & private busines…
35 terms
Competency 5: Knowledge of Production, Distribution, and Consumption (Economics)
Economics
Mixed (Market/Command) Economy
Traditional Economy
Command Economy
The science that deals with the production, consumption, and…
One in which the government and private businesses both play…
This original form of economic systems is characterized by ba…
The economic system is controlled by the government. Decision…
Economics
The science that deals with the production, consumption, and…
Mixed (Market/Command) Economy
One in which the government and private businesses both play…
Economics
Economy
Economic Development
Production
Producers
The careful use or management of resources such as money, mat…
Depends on the production, distribution, and consumption of g…
The making of goods.
Owners and workers.
Economy
The careful use or management of resources such as money, mat…
Economic Development
Depends on the production, distribution, and consumption of g…
40 terms
Economics
Economy
Economic Development
Production
Producers
The careful use or management of resources such as money, mat…
Depends on the production, distribution, and consumption of g…
The making of goods.
Owners and workers.
Economy
The careful use or management of resources such as money, mat…
Economic Development
Depends on the production, distribution, and consumption of g…
46 terms
Economics Chapter 1: Scarcity and the Science of Economics
What is the fundamental economic probl…
What are the three basic questions reg…
What economic theory is a free-market…
scarcity
scarcity
a. what must we produce?... b. How should we produce it?... c. For…
capitalism
the condition that results from society not having enough res…
What is the fundamental economic probl…
scarcity
What are the three basic questions reg…
a. what must we produce?... b. How should we produce it?... c. For…
18 terms
Social Science C5: Knowledge of Production, Distribution and Consumption
Capital Resource
Consumption
Depression
Distribution
Any asset used in the production of goods and services.
The use and intake of goods and services
Long-lasting and painful recession or slowing of economic act…
The dissemination or dispersing of goods and services.
Capital Resource
Any asset used in the production of goods and services.
Consumption
The use and intake of goods and services
Economics
Want
Need
Scarcity
Economics
A specific feeling of desire; anything that is necessary but…
Anything that is necessary but lacking; a condition requiring…
Insufficiency or shortness of supply; dearth.
The branch of social science that deals with the production a…
Want
A specific feeling of desire; anything that is necessary but…
Need
Anything that is necessary but lacking; a condition requiring…
Economics Unit 1: Introduction to Economics
Need
Want
Economics
Goods
Something that is required for survival. Shelter, food, cloth…
Something that is not required for survival.
the social science that seeks to describe the factors which d…
Articles of trade or merchandise.
Need
Something that is required for survival. Shelter, food, cloth…
Want
Something that is not required for survival.
Production, Distribution, and Consumption
Opportunity Cost
Demand
Dollar Voting
Consumer Sovereignty
Cost of the next best alternative use of money, time, or reso…
Consumer willingness and ability to buy products
Consumers vote for the goods and services they want with thei…
the power of consumers to decide what gets produced
Opportunity Cost
Cost of the next best alternative use of money, time, or reso…
Demand
Consumer willingness and ability to buy products
Economics
Barter
Consumption
Demand
Distribution
Trading one thing for another
Using goods and services
Schedule of how much of a good or service consumers are willi…
How people get access to good and services
Barter
Trading one thing for another
Consumption
Using goods and services
6 terms
Economics
Want
Need
Scarcity
Economics
A specific feeling of desire; anything that is necessary but…
Anything that is necessary but lacking; a condition requiring…
Insufficiency or shortness of supply; dearth.
The branch of social science that deals with the production a…
Want
A specific feeling of desire; anything that is necessary but…
Need
Anything that is necessary but lacking; a condition requiring…
28 terms
Unit 1: Nature of Economics and the Economy
Economic System
Safety Net
Standard of Living
Traditional Economy
The method used by a society to produce and distribute goods…
Government programs that protect people experiencing unfavora…
A measurement of of the quality of life based on ownership of…
An economic system where custom and habit determine what will…
Economic System
The method used by a society to produce and distribute goods…
Safety Net
Government programs that protect people experiencing unfavora…
11 terms
economic systems
production
distribution
consumption
goods
making of goods
passing out of goods
use of goods
products people use
production
making of goods
distribution
passing out of goods
Chapter 1 Section 1: Scarcity and the Science of Economics
scarcity
Economics
Need
Want
fundamental economic problem facing all societies that result…
social science dealing with the study of how people satisfy s…
basic requirement for survival; includes food, clothing, and/…
a way of expressing or communicating a need; a broader classi…
scarcity
fundamental economic problem facing all societies that result…
Economics
social science dealing with the study of how people satisfy s…
13 terms
SCARCITY AND THE SCIENCE OF ECONOMICS
WANTS
NEEDS
SCARCITY
ECONOMICS
identifies desires that can be satisfied by consuming a good…
things, such as food, clothing, and shelter that are necessar…
the situation that exists when there are not enough resources…
the study of how individuals and societies satisfy their unli…
WANTS
identifies desires that can be satisfied by consuming a good…
NEEDS
things, such as food, clothing, and shelter that are necessar…
Economics 2.1
Economic system
Factor payments
Patriotism
Safety net
Way society produces and distributes goods and services.
The income of people supplying factors of production, such as…
the love of your country
government programs the protect people experiencing unfavorab…
Economic system
Way society produces and distributes goods and services.
Factor payments
The income of people supplying factors of production, such as…
Economics Unit 1: Introduction to Economics
Need
Want
Economics
Goods
Something that is required for survival. Shelter, food, cloth…
Something that is not required for survival.
the social science that seeks to describe the factors which d…
Articles of trade or merchandise.
Need
Something that is required for survival. Shelter, food, cloth…
Want
Something that is not required for survival.
7 terms
Half Day Unit 1 Industrialism Vocabulary '16
Industrialism
Agriculture
Social
Rural
economic and social system based upon large scale industry ra…
Farming
Having to do with people
Not in a city
Industrialism
economic and social system based upon large scale industry ra…
Agriculture
Farming
10 terms
EPP Chapter 1: Section 1 - Scarcity and the Science of Economics
scarcity
economics
need
want
fundamental economic problem of meeting people's virtually un…
social science dealing with how people satisify seemingly unl…
basic requirement for survival, including food, clothing, and…
something we would like to have but is not necessary for surv…
scarcity
fundamental economic problem of meeting people's virtually un…
economics
social science dealing with how people satisify seemingly unl…
14 terms
Economics Unit 1: Introduction to Economics
Need
Want
Economics
Scarcity
Something that is required for survival. Shelter, food, cloth…
Something that is not required for survival.
the social science that seeks to describe the factors which d…
insufficiency or shortage of supply.
Need
Something that is required for survival. Shelter, food, cloth…
Want
Something that is not required for survival.
Economic Networks and Resource Distribution
Economics
Scarce goods
Supply
Demand
the social science that deals with making choices about using…
items that are limited in number yet are in demand.
what goods and services are available
what goods and services consumers are buying
Economics
the social science that deals with making choices about using…
Scarce goods
items that are limited in number yet are in demand.
5 terms
The Five Parts of Social Studies
Culture
History
Economics
Government
the attitudes and behaviours that are characteristic of a par…
the discipline that records and interprets past events involv…
the branch of social science that deals with the production a…
the act of governing
Culture
the attitudes and behaviours that are characteristic of a par…
History
the discipline that records and interprets past events involv…
Global terms
Geography
Political Science
History
Economics
The study of physical features of the earth and its atmospher…
The study of governments and how they work.... Ex.democracy... dict…
The study of post events related to people, time periods, and…
A social science that deals with production distribution and…
Geography
The study of physical features of the earth and its atmospher…
Political Science
The study of governments and how they work.... Ex.democracy... dict…
13 terms
Economic terms
Economic
Economic system
Capitalism
Socialism
Social science dealing with the production distribution and c…
People working together in deciding how to use valuable resou…
Economic system based upon private ownership free market
Economic system in which the factors of production and consum…
Economic
Social science dealing with the production distribution and c…
Economic system
People working together in deciding how to use valuable resou…
18 terms
Economics
Economics
Economy
Scarcity
Trade-Offs
Social science that describes the factors that determine the…
Economic system consists of the production, distribution or t…
Shortage of supplies.
A compromise.
Economics
Social science that describes the factors that determine the…
Economy
Economic system consists of the production, distribution or t…
17 terms
Economics & Personal Finance
Economics
Micro Economics
Macro Economics
Scarcity
The study of how people, business, and governments deal with…
Deals with individual and businesses.
Deals with the big picture, how economies function as a whole.
Limited resources, unlimited wants.
Economics
The study of how people, business, and governments deal with…
Micro Economics
Deals with individual and businesses.
9 terms
An Invitation to Sociology 2
social science
political science
anthropology
psychology
disciplines that deal with human society & the human condition
investigates organization, administration, history & theory o…
investigates culture with a preliterate focus
investigates human mental & emotional processes
social science
disciplines that deal with human society & the human condition
political science
investigates organization, administration, history & theory o…
16 terms
Entrepreneurship
Entrepreneur
Venture
Entrepreneurship
Entrepreneurial
people who take calculated risks in order to start new busine…
an investment that is very risky but could yield great profits
is the process of starting a business, typically a startup co…
of or relating to an entrepreneur
Entrepreneur
people who take calculated risks in order to start new busine…
Venture
an investment that is very risky but could yield great profits
19 terms
Economics
Investment
Productivity
Inflation
Profit
refers to the use of resources by businesses, individuals, or…
is defined as the quantity of goods and services produced by…
may be defined as a rise in the general level of prices in an…
The difference between the total revenue and the total cost o…
Investment
refers to the use of resources by businesses, individuals, or…
Productivity
is defined as the quantity of goods and services produced by…
8 terms
Economics vocab #1
Economics
Production
Distribution
Consumption
A social science that focus's on the description of the produ…
The making or growing of something for sale or use
The act of giving or delivering something to people
The use of something
Economics
A social science that focus's on the description of the produ…
Production
The making or growing of something for sale or use
economics vocabulary
economy
economcs
private business
public bsiness
the wealth and resources of a country or region, especially i…
the branch of social science that deals with the production a…
company owned either by non-governmental organizations or by…
A public, publicly traded, publicly held company, or public c…
economy
the wealth and resources of a country or region, especially i…
economcs
the branch of social science that deals with the production a…
29 terms
APES Ch.20 Sustainability, Economics & Equity
Economics
Genuine Progress Indicator
Technology Transfer
Leapfrogging
the branch of social science that deals with the production a…
GPI; an economic indicator that attempts to differentiate bet…
The communication of specific plans, designs, or educational…
involves developing nations bypassing earlier technologies, e…
Economics
the branch of social science that deals with the production a…
Genuine Progress Indicator
GPI; an economic indicator that attempts to differentiate bet…
Chapter 6 section 14
Agronomy
Astronomical
Economic
Economical
Branch of agriculture dealing with crop production
The science of heavenly bodies
The social science dealing with production, consumption, and…
Managing without waste
Agronomy
Branch of agriculture dealing with crop production
Astronomical
The science of heavenly bodies
8 terms
Economics
Economics
Needs
Wants
Goods
the science that deals with the production, distribution, and…
goods and services that are required for survivability
goods and services that you do not need but
a product that sastisfy human wants
Economics
the science that deals with the production, distribution, and…
Needs
goods and services that are required for survivability
Chapter 1 Section 1
Scarcity
Economics
Need
Want
Small or inadequate amount
the branch of social science that deals with the production a…
Something that is a necessity
Something that you want but isn't a necessity
Scarcity
Small or inadequate amount
Economics
the branch of social science that deals with the production a…
13 terms
Entrepreneurship
Entrepreneur
Entrepreneurship
Entrepreneurial
Economics
people who take calculated risks in order to start new busine…
is the process of starting a business, typically a startup co…
of or relating to an entrepreneur
the branch of social science that deals with the production a…
Entrepreneur
people who take calculated risks in order to start new busine…
Entrepreneurship
is the process of starting a business, typically a startup co…
Personal Economics
Economics
finances
debt
interest
the science that deals with the production, distribution, and…
the monetary resources, as of a government, company, organiza…
something that is owed or that one is bound to pay to or perf…
Economics
the science that deals with the production, distribution, and…
finances
the monetary resources, as of a government, company, organiza…
Economics
Scarcity
Free resources
Economics
Allocate
a situation where resources are lacking
resources that are readily available
science that deals with the production, distribution, and con…
to distribute
Scarcity
a situation where resources are lacking
Free resources
resources that are readily available
Social Studies Fourth Grade Q2W5 Economics
barter
consumption
demand
distribution
trading of one thing for another.
using goods and services.
schedule of how much of a good or service consumers are willi…
how people get access to goods and services.
barter
trading of one thing for another.
consumption
using goods and services.
15 terms
Economics
Supply
Demand
Market economy
Mixed economy
Products and services created by producers
The wants of services and products
When businesses are all private
Combination of private and government
Supply
Products and services created by producers
Demand
The wants of services and products
50 terms
Economics
scarcity
What Is Economics?
What is Microeconomics?
What is Macroeconomics?
Scarcity is the fundamental economic problem of having seemin…
"Economics is the study of how individuals and groups make de…
microeconomics deals with economic decisions made at a low or…
The study of macroeconomics deals with the sum total of the d…
scarcity
Scarcity is the fundamental economic problem of having seemin…
What Is Economics?
"Economics is the study of how individuals and groups make de…
Economics Unit 2: Economic Systems
Economic System
Patriotism
Safety Net
Standard of Living
The method used by a society to produce and distribute goods…
The love of one's country; the passion that inspires a person…
Government programs that protect people experiencing unfavora…
A measurement of of the quality of life based on ownership of…
Economic System
The method used by a society to produce and distribute goods…
Patriotism
The love of one's country; the passion that inspires a person…
Econ chapter 1
Economy
Economics
Market economy
Command economy
The activities that create the goods and services people want…
The social science that studies the production distribution a…
Production and consumption are the result of decentralization…
Central authority making decisions about production and consu…
Economy
The activities that create the goods and services people want…
Economics
The social science that studies the production distribution a…
19 terms
Economic Systems
Economic System
Safety Net
Standard of Living
Traditional Economy
The method used by a society to produce and distribute goods…
Government programs that protect people experiencing unfavora…
A measurement of of the quality of life based on ownership of…
An economic system where custom and habit determine what will…
Economic System
The method used by a society to produce and distribute goods…
Safety Net
Government programs that protect people experiencing unfavora…
Chapter 2 Economic Systems and Factors of Production Vocabulary
Scarcity
Factors of production
Opportunity cost
Natural Resources
Lack of resources. Limited resources for satisfying unlimited…
all the economic resources needed to produce a society's good…
if we decide to use our resources (i.e. money) on one thing,…
raw materials from nature used to produce goods.
Scarcity
Lack of resources. Limited resources for satisfying unlimited…
Factors of production
all the economic resources needed to produce a society's good…
15 terms
General + Government/Economy Vocab
Economics
Capitalism
Communism
Anarchy
The branch of social science that deals with the production d…
An economic system in which capital and land labor factors of…
An economic system that abolishes private ownership. A politi…
The state of a society being without authoritarians or a gove…
Economics
The branch of social science that deals with the production d…
Capitalism
An economic system in which capital and land labor factors of…
7 terms
Ss
History
Sociology
Political science
Civics
Branch of knowledge that records and explain the past events…
The science of society social institutions and social relatio…
Is social science concerned with the governmental institution…
A social science dealing with the rights and duties of citizens
History
Branch of knowledge that records and explain the past events…
Sociology
The science of society social institutions and social relatio…
Shshshsjs
Economics
Traditional Economy
Command Economy
Market Economy
The branch of social science that deals with the production a…
An Economic decisions are all made on the basis of customs,be…
An economic system in which the political authorities make ma…
An economic system that permits an open exchange of goods and…
Economics
The branch of social science that deals with the production a…
Traditional Economy
An Economic decisions are all made on the basis of customs,be…
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