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Study sets matching "term:economics = the study of how people seek to satisfy their needs and wants by making choices"

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Study sets matching "term:economics = the study of how people seek to satisfy their needs and wants by making choices"

22 terms
Economics the study of the choices people make to satisfy their unlimited needs and wants by using limited resources Economist a person who studies the choices made withun an economic system. Microeconomics is the study of indiividual economic actors.
Economics
Economist
Microeconomics
Macroeconomics
the study of the choices people make to satisfy their unlimit…
a person who studies the choices made withun an economic syst…
is the study of indiividual economic actors. example, it may…
is the study of multiple economic actors.
Economics
the study of the choices people make to satisfy their unlimit…
Economist
a person who studies the choices made withun an economic syst…
22 terms
Economics The study of the choices people make to satisfy their unlimited needs andwants by using limited resources Economist A person who studies the choices made within an economic system Microeconomics The study of individual economic actors. Example
Economics
Economist
Microeconomics
Macroeconomics
The study of the choices people make to satisfy their unlimit…
A person who studies the choices made within an economic system
The study of individual economic actors. Example, it may be t…
Is the study of multiple economic actors, Examples could be t…
Economics
The study of the choices people make to satisfy their unlimit…
Economist
A person who studies the choices made within an economic system
8 terms
Exploration 2
Religion
Economics
Political Rivalry
Missionaries
A type of social institution. A system of beliefs that affect…
The study of how people seek to satisfy their needs and wants…
Shortly after Elizabeth became Queen, a peace treaty was sign…
people who work to spread their religious beliefs
Religion
A type of social institution. A system of beliefs that affect…
Economics
The study of how people seek to satisfy their needs and wants…
10 terms
Economics
economics
scarcity
supply
demand
The study of how people seek to satisfy their needs and wants…
Limited quantities of resources to meet unlimited wants
The amount of goods available
Consumer willingness and ability to buy products
economics
The study of how people seek to satisfy their needs and wants…
scarcity
Limited quantities of resources to meet unlimited wants
governing a new nation
constitution
executive
economic
depression
a written plan of government
carries out the laws
the study of how people seek to satisfy their needs and wants…
a severe recession
constitution
a written plan of government
executive
carries out the laws
10 terms
Basic Economic Principles
Economics
Scarcity
Choices
Wants
the study of how we make decisions when resources are limiter…
is the limited resources to meet unlimited wants and needs. A…
Choices are made because of scarcity. People seek to satisfy…
A want is something you would like to have
Economics
the study of how we make decisions when resources are limiter…
Scarcity
is the limited resources to meet unlimited wants and needs. A…
11 terms
Economics Vocabulary Quiz
Economics
Scarcity
wants
needs
The study of how people seek to satisfy their needs and wants…
A situation in which unlimited wants exceed the limited resou…
things that people would like to have
Basic requirements for human survival
Economics
The study of how people seek to satisfy their needs and wants…
Scarcity
A situation in which unlimited wants exceed the limited resou…
6 terms
Economics by Alex G.
Economics
Interdependency
Opportunity cost
Trade off
the study of how people satisfy their wants and needs.
Multiple people trading their surpluses for more of their sca…
What you give up when you make one choice over another
what you get when you make on choice over another
Economics
the study of how people satisfy their wants and needs.
Interdependency
Multiple people trading their surpluses for more of their sca…
8 terms
Chapter 1,2,3 Economics
Economics
What is the difference between a want…
Want
Need
The study of how people seek to satisfy their needs and wants…
...
Something we desire Example--. Candy, games, toys
Must have for survival Example--. air, food, water
Economics
The study of how people seek to satisfy their needs and wants…
What is the difference between a want…
...
24 terms
ECON 1 EXCEL
resource
produce
services
consumption
any necessity of life, such as water, nutrients, light, food,…
make
Actions or activities that one person performs for another
the using up of a resource
resource
any necessity of life, such as water, nutrients, light, food,…
produce
make
12 terms
CH 1 Section 3 - Gov't & the Economy
Economics
Capitalism
free market
free enterprise
The study of how people seek to satisfy their needs and wants…
An economic system based on private property and free enterpr…
An economic system in which prices and wages are determined b…
an economic system in which private business operates in comp…
Economics
The study of how people seek to satisfy their needs and wants…
Capitalism
An economic system based on private property and free enterpr…
7 terms
rome
system
culture
innovation
economic
different part working together, make something function.
Beliefs, customs, and traditions of a specific group of people.
a development, an improvement
The study of how people seek to satisfy their needs and wants…
system
different part working together, make something function.
culture
Beliefs, customs, and traditions of a specific group of people.
10 terms
Economics
economics
needs
wants
scarcity
The study of how people seek to satisfy their needs and wants…
Basic requirements for human survival
Desires that can be satisfied by consuming a good or service
A situation in which unlimited wants exceed the limited resou…
economics
The study of how people seek to satisfy their needs and wants…
needs
Basic requirements for human survival
8 terms
Unit 1 Economics
Economics
Needs
Wants
Goods
Study of how people seek to satisfy their needs and wants by…
Necessary for survival
A desired item but not essential
Physical objects
Economics
Study of how people seek to satisfy their needs and wants by…
Needs
Necessary for survival
12 terms
Words that are often confused
Suit
Suite
Lay
Lie
Formal clothing
a connected series of rooms to be used together
to put or place in a horizontal position
to be in a horizontal position
Suit
Formal clothing
Suite
a connected series of rooms to be used together
8 terms
economics
need
want
economics
goods
something people need that is necessary for survival
an item we desire but that is not necessary for survival
the study of how people seek to satisfy their needs and wants…
physical objects such as shoes and shirts
need
something people need that is necessary for survival
want
an item we desire but that is not necessary for survival
10 terms
Economic Vocabulary
Economics
Needs
Wants
Producer
the study of how people seek to satisfy their needs and wants…
something essential for survival such as food
something that people desire but that is not necessary for su…
People and or firms which make and supply the goods and servi…
Economics
the study of how people seek to satisfy their needs and wants…
Needs
something essential for survival such as food
8 terms
civics vocab
need
want
economics
resources
Basic requirement for survival
somthing you want but you dont need to survive
The study of how people seek to satisfy their needs and wants…
all things used in producing goods and services
need
Basic requirement for survival
want
somthing you want but you dont need to survive
10 terms
Economics : Key Terms
Scarcity
Want
Need
Resource
an limit of resources, while desires are unlimited
something you can go with out for a couple of days; desire
a requirement (an essential or something very important)
A substance in the environment that is useful to people, is e…
Scarcity
an limit of resources, while desires are unlimited
Want
something you can go with out for a couple of days; desire
10 terms
economics
microeconomics
positive economics
market
macroeconomics
the study of how households and firms make decisions and how…
the analysis of facts or data to establish scientific general…
A group of buyers and sellers of a particular good or service
the study of economy-wide phenomena, including inflation, une…
microeconomics
the study of how households and firms make decisions and how…
positive economics
the analysis of facts or data to establish scientific general…
8 terms
Exploration 2
Religion
Economics
Political Rivalry
Missionaries
A system of beliefs shared by a group with objects for devoti…
The study of how people seek to satisfy their needs and wants…
Cold War
people who work to spread their religious beliefs
Religion
A system of beliefs shared by a group with objects for devoti…
Economics
The study of how people seek to satisfy their needs and wants…
10 terms
Plato Words
appalachains
accumulates
presence
economic
Mountain Ranges
builds up
existence
The study of how people seek to satisfy their needs and wants…
appalachains
Mountain Ranges
accumulates
builds up
19 terms
Economics
economics
scarcity
resources
needs
The study of how people seek to satisfy their needs and wants…
a limited amount of something
all things used in producing goods and services
resources you need to survive both physically and mentally
economics
The study of how people seek to satisfy their needs and wants…
scarcity
a limited amount of something
9 terms
Mia Turner-Economics
need
want
economics
goods
something like air, food, or shelter that is necessary for su…
Desire
The study of how people seek to satisfy their needs and wants…
Items purchased to satisfy needs and wants
need
something like air, food, or shelter that is necessary for su…
want
Desire
11 terms
In Another Country
Economic
Corrugated
Orientation
Constuctive
The study of how people seek to satisfy their needs and wants…
wrinkled; ridged
The direction that material appears on a page when printed.
Processes that create (build up) landforms
Economic
The study of how people seek to satisfy their needs and wants…
Corrugated
wrinkled; ridged
10 terms
vocab
biometry
economics
engineering
entomology
statistical calculation of the probable duration of human life
The study of how people seek to satisfy their needs and wants…
The process of creating and modifying technologies.
the scientific study of insects
biometry
statistical calculation of the probable duration of human life
economics
The study of how people seek to satisfy their needs and wants…
14 terms
U1C1S1
Need
Want
Goods
Services
Something essential for survival
Something that people desire but isn't necessary
The physical objects that someone produces
The actions or activities that one person performs for another
Need
Something essential for survival
Want
Something that people desire but isn't necessary
10 terms
Business Studies PMC 8
essential
needs
wants
basic
important
things we must have to live
things that people would like to have
main or starting point
essential
important
needs
things we must have to live
10 terms
Business Studies PMC 8
essential
needs
wants
basic
important... 基本的
things we must have to live... 需求
things that people would like to have... 想
main or starting point... 基本
essential
important... 基本的
needs
things we must have to live... 需求
10 terms
Business Studies PMC 8
essential
needs
wants
basic
important
things we must have to live
things that people would like to have
main or starting point
essential
important
needs
things we must have to live
10 terms
delta in-fight safety
moisturizer
devices
ensure
function
to make something slightly wet
an object that does a particular job
to make something centain
a purpose or special duty
moisturizer
to make something slightly wet
devices
an object that does a particular job
The Constitution
Daniel Shays
compromise
Roger Sherman
constitution
Head of Shay's Rebellion; he and several other angry farmers…
(v) to settle a dispute by terms agreeable to both sides
Author of the Great Compromise
A written plan of government
Daniel Shays
Head of Shay's Rebellion; he and several other angry farmers…
compromise
(v) to settle a dispute by terms agreeable to both sides
10 terms
War
Self-sufficient
Economic
Laughable
The global peace index
independent
The study of how people seek to satisfy their needs and wants…
funny
Measuring nations peacefulness
Self-sufficient
independent
Economic
The study of how people seek to satisfy their needs and wants…
8 terms
Social Studies History and Geography
History
Geographer's Tools
Primary Source Materials
Geography and how it affects history,…
the study of the past
map, globes, photograms, data
Photographs of passengers, visual images of the boat and the…
...
History
the study of the past
Geographer's Tools
map, globes, photograms, data
10 terms
Econ Notes
Land, Labor, Capital
North Korea
U.S.
Chad
Factors of Production
Command Economy
Market Economy
Traditional Economy
Land, Labor, Capital
Factors of Production
North Korea
Command Economy
PMA Economics Basic
Macroeconomics
Microeconomics
Economics
Resources
A part of economics that looks at the operation of a nation's…
Study of a single factor of an economy - such as individuals,…
The study of how people seek to satisfy their needs and wants…
All the things used in producing goods and services.
Macroeconomics
A part of economics that looks at the operation of a nation's…
Microeconomics
Study of a single factor of an economy - such as individuals,…
19 terms
Economics basic
economics
scarcity
resources
needs
The study of how people seek to satisfy their needs and wants…
a limited amount of something
all things used in producing goods and services
resources you need to survive both physically and mentally
economics
The study of how people seek to satisfy their needs and wants…
scarcity
a limited amount of something
13 terms
Scarcity: The Basic Economic Problem
Wants
Needs
Scarcity
Economics
Desires that can be satisfied by consuming a good or service
requirements for survival, such as food, clothing, and shelter
A situation in which unlimited wants exceed the limited resou…
The study of how people seek to satisfy their needs and wants…
Wants
Desires that can be satisfied by consuming a good or service
Needs
requirements for survival, such as food, clothing, and shelter
10 terms
Economics Basics #1 - Vocabulary
Cost Benefit Analysis
Economy
Economics
Margin
Analysis done to compare and quantify the financial and non-f…
A system for producing and distributing goods, and services t…
The study of how people seek to satisfy their needs and wants…
The extra or additional cost of producing one more unit of ou…
Cost Benefit Analysis
Analysis done to compare and quantify the financial and non-f…
Economy
A system for producing and distributing goods, and services t…
9 terms
Honors Economics basics
Economics
Scarcity
Micro economics
macro economics
The study of how people seek to satisfy their needs and wants…
A situation in which unlimited wants exceed the limited resou…
Economic issues which address the behavior and decision makin…
Economic issues which address the behavior of the economy as…
Economics
The study of how people seek to satisfy their needs and wants…
Scarcity
A situation in which unlimited wants exceed the limited resou…
15 terms
Economics
economics The study of how people seek…
scarcity
tradeoff
opportunity cost
The study of how people seek to satisfy their needs and wants…
A situation in which unlimited wants exceed the limited resou…
An exchange- giving up one thing to get something else.
Cost of the next best alternative use of money, time, or reso…
economics The study of how people seek…
The study of how people seek to satisfy their needs and wants…
scarcity
A situation in which unlimited wants exceed the limited resou…
21 terms
Economics
Economics
Business
Command Economy
Competition
The study of how individuals and societies make choice about…
A company whose goal it is to make a profit.
An economic system characterized by a central authority that…
Buyers and sellers participating in the market.
Economics
The study of how individuals and societies make choice about…
Business
A company whose goal it is to make a profit.
14 terms
Scarcity and the factors of production
Need
Want
Economic
Goods
Basic requirement for survival
undisciplined; unrestrained; reckless
The study of how people seek to satisfy their needs and wants…
Items purchased to satisfy needs and wants
Need
Basic requirement for survival
Want
undisciplined; unrestrained; reckless
12 terms
Scarcity And the Factors Of Production Lesson1
Need
Want
Economics
Goods
Basic requirement for survival
undisciplined; unrestrained; reckless
The study of how people seek to satisfy their needs and wants…
Items purchased to satisfy needs and wants
Need
Basic requirement for survival
Want
undisciplined; unrestrained; reckless
10 terms
Week 29 Group D
economics
opportunity
profit
accounting
The study of how people seek to satisfy their needs and wants…
What you give up when you make one choice over another
Money that is left after expenses have been paid for from a b…
the action or process of keeping financial accounts
economics
The study of how people seek to satisfy their needs and wants…
opportunity
What you give up when you make one choice over another
Exploration 2
Religion
Economics
Political Rivalry
Missionaries
A type of social institution. A system of beliefs that affect…
The study of how people seek to satisfy their needs and wants…
Shortly after Elizabeth became Queen, a peace treaty was sign…
people who work to spread their religious beliefs
Religion
A type of social institution. A system of beliefs that affect…
Economics
The study of how people seek to satisfy their needs and wants…
10 terms
VOCABULARY
SCARCITY
DEMAND
SUPPLY
GOODS
LIMITED QUANTITIES OF RESOURCES TO MEET UNLIMITED WANTS
CONSUMER WILLINGNESS AND ABILITY TO BUY PRODUCTS
THE AMOUNT OF GOODS AVAILABLE
ITEMS PURCHASED TO SATISFY NEEDS AND WANTS
SCARCITY
LIMITED QUANTITIES OF RESOURCES TO MEET UNLIMITED WANTS
DEMAND
CONSUMER WILLINGNESS AND ABILITY TO BUY PRODUCTS
12 terms
Ellwanger Econ Unit 1 PART 1
Economics
Factors of Production
Economic Questions
Traditional Economy
The study of how people seek to satisfy their needs and wants…
Land, Labor, Capital, Entrepreneurship
What to produce, how to produce, and for whom to produce.
An economy in which production is based on customs and tradit…
Economics
The study of how people seek to satisfy their needs and wants…
Factors of Production
Land, Labor, Capital, Entrepreneurship
8 terms
Corbyn's econ flash cards
economics
economy
positive economics
normative economics
The study of how people seek to satisfy their needs and wants…
A system for producing and distributing goods, and services t…
the branch of economic analysis that describes the way the ec…
The body of economics based on normative statements, which in…
economics
The study of how people seek to satisfy their needs and wants…
economy
A system for producing and distributing goods, and services t…
5 terms
a new nation
constitution
executive
economic
depression
A document which spells out the principles by which a governm…
Branch of government that enforces the laws
The study of how people seek to satisfy their needs and wants…
A long-term economic state characterized by unemployment and…
constitution
A document which spells out the principles by which a governm…
executive
Branch of government that enforces the laws
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