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"

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
Ch 8 Economics
Economics
positive incentive
negative incentive
goods
The study of how people seek to satisfy their needs and wants…
benefits and rewards
costs and penalties
...
Economics
The study of how people seek to satisfy their needs and wants…
positive incentive
benefits and rewards
5 terms
Ch. 1 Econ. Terms
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
5 terms
ECONOMICS SECTION 1
SCARCITY
ECONOMICS
FACTORS OF PRODUCTION
GDP
A situation in which unlimited wants exceed the limited resou…
The study of how people seek to satisfy their needs and wants…
Land, labor, and capital; the three groups of resources that…
Gross Domestic Product- the total market value of all final g…
SCARCITY
A situation in which unlimited wants exceed the limited resou…
ECONOMICS
The study of how people seek to satisfy their needs and wants…
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
6 terms
Word map
Political
Religion
Intellectual
Diplomacy
A group of individuals with broad common interests who organi…
A type of social institution. A system of beliefs that affect…
of or associated with or requiring the use of the mind
Negotiation between nations
Political
A group of individuals with broad common interests who organi…
Religion
A type of social institution. A system of beliefs that affect…
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
Not having enough resources to satisfy every need.
Economics
The study of how people seek to satisfy their needs and wants…
Needs
Basic requirements for human survival
SPRITE
political
religious
economic
social
about or related to government
relating to religion; having a belief in religion
The study of how people seek to satisfy their needs and wants…
the relationships between people in societies
political
about or related to government
religious
relating to religion; having a belief in religion
U1C1 "Intro to Economics" P.5
Scarcity
Economics
Need
Want
A situation in which unlimited wants exceed the limited resou…
The study of how people seek to satisfy their needs and wants…
Basic requirement for survival
A desire for something that you probably don't need
Scarcity
A situation in which unlimited wants exceed the limited resou…
Economics
The study of how people seek to satisfy their needs and wants…
6 terms
ECON LESSON 1: (An Economic Way of Thinking)
economics
economy
scarcity
tradeoff
the study of how people seek to satisfy their needs and wants…
system by which goods and services are produced and distribut…
limited quantities of resources to meet unlimited wants
When you give up something to have something else.
economics
the study of how people seek to satisfy their needs and wants…
economy
system by which goods and services are produced and distribut…
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…
Constitution
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 period of low economic activity and rising unemployment
constitution
A written plan of government
executive
Carries out the laws
5 terms
Basic Economic Terms
economics
microeconomics
goals of economics
equity
The study of how people seek to satisfy their needs and wants…
The study of how households and firms make choices, how they…
full employment, economic growth, price level stability, econ…
to provide more social nets, socially produces less
economics
The study of how people seek to satisfy their needs and wants…
microeconomics
The study of how households and firms make choices, how they…
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…
Econ Final
Need
Want
Services
Economics
Something essential for survival
Something that people desire but isn't necessary for their su…
Actions or activities that one person performs for another
Study of how people seek to satisfy their needs and wants by…
Need
Something essential for survival
Want
Something that people desire but isn't necessary for their su…
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
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…
1-1
needs
wants
goods
services
Basic requirements for human survival
Desires that can be satisfied by consuming a good or service
Items purchased to satisfy needs and wants
Actions or activities that one person performs for another
needs
Basic requirements for human survival
wants
Desires that can be satisfied by consuming a good or service
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
chapter 1 section 1
scarcity
economics
need
want
A situation in which unlimited wants exceed the limited resou…
The study of how people seek to satisfy their needs and wants…
Basic requirement for survival
undisciplined; unrestrained; reckless
scarcity
A situation in which unlimited wants exceed the limited resou…
economics
The study of how people seek to satisfy their needs and wants…
5 terms
Week of: 11/16/15 US History
civilization
cultural
economic
communism
A society with cities, a central government, job specializati…
The spread of ideas, customs, and technologies from one peopl…
The study of how people seek to satisfy their needs and wants…
A political and economic system where factors of production a…
civilization
A society with cities, a central government, job specializati…
cultural
The spread of ideas, customs, and technologies from one peopl…
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
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
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
6 terms
Opportunity Cost
trade-off
opportunity cost
cost/benefit analysis
marginal cost
the act of giving up one benefit in order to gain another
The most desirable alternative given up as the result of a de…
A comparison of estimated costs and benefits of actions
Extra cost of producing one additional unit of production.
trade-off
the act of giving up one benefit in order to gain another
opportunity cost
The most desirable alternative given up as the result of a de…
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
Economics
Factors of Production
Technology
Economics
Scarcity
Resources of land, labor, capital and entrepreneurship used t…
Advances leading to new and improved goods and services and b…
The study of how individuals and societies make choices about…
Do not have enough income or resources to satisfy needs
Factors of Production
Resources of land, labor, capital and entrepreneurship used t…
Technology
Advances leading to new and improved goods and services and b…
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.
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
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…
7 terms
Econ
Need
Want
Goods
Services
Something essential for survival
Something that people desire, but isn't necessary for survival
Physical objects that people produce
The actions or activities that one person performs for another
Need
Something essential for survival
Want
Something that people desire, but isn't necessary for survival
9 terms
ECONOMICS BASICS
Economics
What are the Choices we have?
Needs
Wants
Economics is the study of how people make choices to satisfy…
Needs and Wants
Things that we cannot live without
Things that we desire but they can wait for later.
Economics
Economics is the study of how people make choices to satisfy…
What are the Choices we have?
Needs and Wants
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
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…
5 terms
Social Studies Set
Economics
Goods
Services
Producer
The study of how people seek to satisfy their needs and wants…
Items purchased to satisfy needs and wants
Actions or activities that one person performs for another
A person, company, or country that makes, grows, or supplies…
Economics
The study of how people seek to satisfy their needs and wants…
Goods
Items purchased to satisfy needs and wants
7 terms
Regions of the Eastern Hemisphere
Region
Landforms
Population
Economics
An area distinguished by a unique combination of trends or fe…
Features that make up the earth's surface such as a plain, mo…
A group of individuals that belong to the same species and li…
The study of how people seek to satisfy their needs and wants…
Region
An area distinguished by a unique combination of trends or fe…
Landforms
Features that make up the earth's surface such as a plain, mo…
Day 7
cultural
economic
legal
political
The spread of ideas, customs, and technologies from one peopl…
The study of how people seek to satisfy their needs and wants…
The belief that people were bad by nature and needed to be co…
Group of people who seek to win
cultural
The spread of ideas, customs, and technologies from one peopl…
economic
The study of how people seek to satisfy their needs and wants…
7 terms
High-Speed Trains (X) - Vocabulary in context
convinient
economic
fossil fuel
generator
making life easier or more comfortable
The study of how people seek to satisfy their needs and wants…
Coal, oil, natural gas, and other fuels that are ancient rema…
A machine that converts mechanical energy into electrical ene…
convinient
making life easier or more comfortable
economic
The study of how people seek to satisfy their needs and wants…
prides
politics
religion
intellect
diplomacy
Method of maintaining, managing, and gaining control of gover…
Religion
The divine gift that gives us the ability to see and understa…
Negotiation between nations d
politics
Method of maintaining, managing, and gaining control of gover…
religion
Religion
6 terms
Fashion day 6
cultural
economic
legal
political
The spread of ideas, customs, and technologies from one peopl…
The study of how people seek to satisfy their needs and wants…
Attitude of strict observance of laws regardless of the circu…
A group that seeks to elect candidates to public office
cultural
The spread of ideas, customs, and technologies from one peopl…
economic
The study of how people seek to satisfy their needs and wants…
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…
...
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
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
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
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
Five Themes of Geography, Population and Culture, and Political and Economic Systems
geography
culture
political
economic
the study of where people, places, and things are located and…
the beliefs and actions that define a group of people's way o…
A group of individuals with broad common interests who organi…
The study of how people seek to satisfy their needs and wants…
geography
the study of where people, places, and things are located and…
culture
the beliefs and actions that define a group of people's way o…
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…
6 terms
Day6
cultural
economic
legal
political
The expansion and adoption of a cultural element, from its pl…
The study of how people seek to satisfy their needs and wants…
Attitude of strict observance of laws regardless of the circu…
an association of voters with broad common interests who want…
cultural
The expansion and adoption of a cultural element, from its pl…
economic
The study of how people seek to satisfy their needs and wants…
21 terms
Economics Vocabulary - Chapter 1
Need
Want
Economics
Scarcity
Something that you have to have to survive... Examples: Food, sh…
An item you desire but you do not have to have for survival... E…
How People satisfy their needs and wants by making choices
Limited amounts of resources to meet unlimited desires
Need
Something that you have to have to survive... Examples: Food, sh…
Want
An item you desire but you do not have to have for survival... E…
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