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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"

27 terms
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…
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…
40 terms
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…
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
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…
10 terms
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
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…
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
24 terms
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.
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
9 terms
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…
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
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…
15 terms
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
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…
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
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.
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…
5 terms
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…
20 terms
mrs.kidd
scarcity
economics
durable good
nondurable good
insufficiency or shortness of supply; dearth.
the science that deals with the production, distribution, and…
goods, as household appliances, machinery, or sports equipmen…
soft goods (consumables) are the opposite of durable goods. T…
scarcity
insufficiency or shortness of supply; dearth.
economics
the science that deals with the production, distribution, and…
8 terms
History 3
Economics
Supply and demand
Managing and measuring economics
Economic systems
The science that deals ... deals with the production and distri…
Business supplies
Sets clear objectives and measures; clearly assigns responsib…
How a country or region handles the production and consumptio…
Economics
The science that deals ... deals with the production and distri…
Supply and demand
Business supplies
20 terms
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.
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
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
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.
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…
14 terms
Ag Business
allocates
Economics
Free resources
Needs
distributes
Science that deals with production and consumption of wealth
Readily available resources
Something needed to survive
allocates
distributes
Economics
Science that deals with production and consumption of wealth
32 terms
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
10 terms
Intro to Marketing Economics Chapter 1
Need
Want
Economics
Goods
Need Something that is required for survival. Shelter, food,…
Something that is not required for survival.
the social science that seeks to describe the factors which d…
Tangible articles of trade or merchandise.
Need
Need Something that is required for survival. Shelter, food,…
Want
Something that is not required for survival.
11 terms
Voraciously words for A chocolate shortage
Shortage
Cocoa
Estimate
Deficit
Not enough of something
Power made from cocoa seeds
To make an educated guess
A lack or shortage
Shortage
Not enough of something
Cocoa
Power made from cocoa seeds
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…
22 terms
economics vocabulary
economy
econom·cs
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…
econom·cs
the branch of social science that deals with the production a…
13 terms
Vocab 14 15
Agronomy
Astronomical
Economic
Economical
Branch of agriculture dealing with crop production
Having to do with astronomy
Social science dealing with production, distribution and cons…
Managing without waste
Agronomy
Branch of agriculture dealing with crop production
Astronomical
Having to do with astronomy
11 terms
Reading
Shortage
Cocoa
Estimate
Deficit
Not enough of something
Powder made from cocoa seeds
To make an educated guess
A lack of shortage
Shortage
Not enough of something
Cocoa
Powder made from cocoa seeds
Reading
Shortage
Cocoa
Estimate
Deficit
Not enough of somthing
Powder made from cocoa seeds
To make a educated guess
A lack of shortage
Shortage
Not enough of somthing
Cocoa
Powder made from cocoa seeds
32 terms
Economics Vocabulary - Variety of words
Economy
Production
Producers
Distribution
Deals with the making, buying and selling of goods and services
The making of goods.
Owners and workers.
The passing out or selling of goods.
Economy
Deals with the making, buying and selling of goods and services
Production
The making of goods.
12 terms
Economics 1st quiz
Economics
Goods
Services
Production
the science that deals with the production, distribution, and…
articles of trade (things we sell, use and buy)
Jobs performed
The process of making something
Economics
the science that deals with the production, distribution, and…
Goods
articles of trade (things we sell, use and buy)
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…
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…
10 terms
North Star Geography Lesson 15.3
Economics
Macroeconomics
Microeconomics
Barter
It is the social dealing with the exchange of value through t…
Focuses on the economy as a whole.
Focuses on the choices and behavior of individual people and…
This involves the direct exchange of one good or service for…
Economics
It is the social dealing with the exchange of value through t…
Macroeconomics
Focuses on the economy as a whole.
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…
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…
78 terms
Econ Test 1
Economics
Production
Utility
Total Product
A social science that studies how people and institutions wit…
The creation or addition of utility.
The ability of a good or service to satisfy a want.
The sum of all the goods and services produced by an economy…
Economics
A social science that studies how people and institutions wit…
Production
The creation or addition of utility.
14 terms
Economics chapters 1 & 2
Economics
Economy
Goods
Services
The Science and study of the Production, distribution and con…
How a group of people deal with the limited supply of goods a…
Any material (tangible) item people want or need
Any non-material (intangible) product people want or need
Economics
The Science and study of the Production, distribution and con…
Economy
How a group of people deal with the limited supply of goods a…
14 terms
Econ U1
Econmics
Economy
Scarcity
Trade-offs
The science that deals with the production, distribution, and…
Production and distribution of products or goods in a society.
Insufficiency of supply that will run out.
The exchange of items for another for more or less value
Econmics
The science that deals with the production, distribution, and…
Economy
Production and distribution of products or goods in a society.
10 terms
Chapter 2 section 1 Vocab
Traditional Economy
Economic System
Market Economy
Factor Payments
Economic system that relies on habit, custom, or ritual to de…
The method used by a society to produce and distribute goods…
Economic system in which decisions on production and consumpt…
The income people receive for supplying factors of production…
Traditional Economy
Economic system that relies on habit, custom, or ritual to de…
Economic System
The method used by a society to produce and distribute goods…
17 terms
Chapter 1 (Textbook)
Economics
Production
Distribution
Consumption
The study of the allocation of resources, the production of g…
Any implement or agent whose services are used in the product…
The division of the total product of a society among its memb…
Expenditures by households and individuals on consumer goods.
Economics
The study of the allocation of resources, the production of g…
Production
Any implement or agent whose services are used in the product…
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