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Study sets matching "term:free enterprise = economic system in which people start and run businesses with limited government intervention"

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Study sets matching "term:free enterprise = economic system in which people start and run businesses with limited government intervention"

9 terms
civics 17.1
market economy
free market
profit
scarcity
an economic system in which individuals are free to compete,…
an economic system in which buyers and sellers are free to ex…
the income a business has left after paying its expenses
the problem of limited resources
market economy
an economic system in which individuals are free to compete,…
free market
an economic system in which buyers and sellers are free to ex…
17 terms
Ch 3.: The American Free Enterprise System
Free Enterprise
Voluntary Exchange
Private Property Rights
Profit
An economic system in which privately owned businesses have t…
An economic action done or brought about by free choice.
A fundamental feature of capitalism, which allows individuals…
The extent to which persons or organizations are better off a…
Free Enterprise
An economic system in which privately owned businesses have t…
Voluntary Exchange
An economic action done or brought about by free choice.
58 terms
Ch 3 & 5 Economics and Free Enterprise
economy
scarcity
resources
factors of production
Organized way a nation provides for the wants/needs of its pe…
the difference between unlimited wants/needs and resources; f…
All things used in the production of goods and services
land, labor, capital and entrepreneurship
economy
Organized way a nation provides for the wants/needs of its pe…
scarcity
the difference between unlimited wants/needs and resources; f…
16 terms
United States
Contiguous
Atlantic coastal Plain
Appalachian Mountains
Central Lowland
...
Contiguous
...
Atlantic coastal Plain
48 terms
Ch.2 - Free Enterprise and Other Economic Systems
Economic System
Factor Payments
Profit
Efficiency
the structure of methods and principles a society uses to pro…
the income people receive for supplying factors of production…
The money a business receives for its products or services in…
An economic goal where a society tries to maximize what they…
Economic System
the structure of methods and principles a society uses to pro…
Factor Payments
the income people receive for supplying factors of production…
8 terms
Section 2 An Economic Leader
Free enterprise system
Service industry
Navigable
Fossil fuel
Economic system in which people start and run businesses with…
Business that provides services to people instead of producin…
Body of water wide and deep enough to allow the passage of sh…
Coal, oil, or natural gas
Free enterprise system
Economic system in which people start and run businesses with…
Service industry
Business that provides services to people instead of producin…
Economic systems
traditional economy
economic systems
command system
socialism
economic system in which the allocation of scarce resources,…
organized way a society provides for the wants and needs of i…
economic system characterized by a central authority that mak…
economic system in which government owns some factors of prod…
traditional economy
economic system in which the allocation of scarce resources,…
economic systems
organized way a society provides for the wants and needs of i…
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
SS 11/28/16 pg 155-159
free enterprise
petroleum
Edwin Drake
John D. Rockefeller
an economic system in which people are free to start and run…
oil used for fuel
He was first to begin drilling for oil in large amounts in Pe…
He was the founder of the Standard Oil Company and became one…
free enterprise
an economic system in which people are free to start and run…
petroleum
oil used for fuel
Ch.2 Free Enterprise
Economic System
Traditional Economy
Command Economy
Market Economy
Organized way a society provides for the wants and needs of i…
Economic system in which the allocation of scarce resources a…
Economic system characterized by a central authority that mak…
Economic system in which supply, demand, and the price system…
Economic System
Organized way a society provides for the wants and needs of i…
Traditional Economy
Economic system in which the allocation of scarce resources a…
22 terms
JA Economics Terms
entrepreneur
resource
capital resources
human resources
A person who comes up with a new idea and uses resources to s…
Something that is used to produce a good or service.
Buildings, tools, and machines that businesses use to make an…
People who do the work that businesses need to make and sell…
entrepreneur
A person who comes up with a new idea and uses resources to s…
resource
Something that is used to produce a good or service.
8 terms
Social studies chapter 4 section 2
Free enterprise system
Sevice industry
Navigable
Fossil fuel
Economic system in which people start and run businesses with…
Business that provides services to people instead of producin…
Body of water wide and deep enough to allow the passage of sh…
Coal, oil, or natural gas
Free enterprise system
Economic system in which people start and run businesses with…
Sevice industry
Business that provides services to people instead of producin…
History unit 6 lesson 3 economic systems
Economic system
Traditional economy
Subsistence farming
Command economy
The way people decide how to use resources to produce goods a…
An economy in which people do the same kinds of work as they…
Raising only enough food for one person or family and little…
An economic system in which the government owns all resources…
Economic system
The way people decide how to use resources to produce goods a…
Traditional economy
An economy in which people do the same kinds of work as they…
8 terms
Russia Vocabulary
Tundra
Taiga
Permafrost
communism
Broad, dry treeless plain in high latitude areas
Huge subarctic evergreen forests in N. Asia, Europe and N. Am…
Permanently frozen layers of soil
Political or economic system in which the government controls…
Tundra
Broad, dry treeless plain in high latitude areas
Taiga
Huge subarctic evergreen forests in N. Asia, Europe and N. Am…
29 terms
Chapter 2: Economic Systems
economic system
factor payment
profit
safety net
the structure of methods and principles that a society uses t…
the income people receive in return for supplying factors of…
A financial gain, esp. the difference between the amount earn…
government programs that protect people experiencing unfavora…
economic system
the structure of methods and principles that a society uses t…
factor payment
the income people receive in return for supplying factors of…
14 terms
Day 6 STAAR Review- Andrew Jackson
Henry Clay
Spoils System
Jacksonian Democracy
Indian Removal Act
Known as the "Great Compromiser" Created the Missouri Comprom…
practice of rewarding supporters with government jobs
time period when Andrew Jackson was president that represente…
law passed in 1830 that forced many Native American nations t…
Henry Clay
Known as the "Great Compromiser" Created the Missouri Comprom…
Spoils System
practice of rewarding supporters with government jobs
25 terms
Economy
natural resources
human resources
capital goods
entrepreneur
resources supplied by nature
talents and skills of human beings
human-made materials that help produce products
person who has skill and leadership to start a new business a…
natural resources
resources supplied by nature
human resources
talents and skills of human beings
21 terms
Economics
economics
business
command economy
consumers
The study of how people and societies make choice about ways…
A company whose goal it is to make a profit.
An economic system where the government controls the economy.
Any person or group that buys or uses goods and services to s…
economics
The study of how people and societies make choice about ways…
business
A company whose goal it is to make a profit.
13 terms
Economic Systems
traditional economy
economic systems
command economy
socialism
economic system in which the allocation of scarce resources,…
organized way a society provides for the wants and needs of i…
economic system characterized by a central authority that mak…
economic system in which government owns some factors of prod…
traditional economy
economic system in which the allocation of scarce resources,…
economic systems
organized way a society provides for the wants and needs of i…
10 terms
Economic Systems
traditional economy
economic systems
market economy
market
economic system in which the allocation of scarce resources,…
organized way a society provides for the wants and needs of i…
economic system in which supply, demand, and the price system…
meeting place or arrangement through which buyers and sellers…
traditional economy
economic system in which the allocation of scarce resources,…
economic systems
organized way a society provides for the wants and needs of i…
8 terms
Terms 2
Free enterprise System
Service industry
Navigable
Fossil fuel
Economic system in which people start and run businesses with…
Business that provides services to people instead of producin…
Body of water wide and deep enough to allow the passage of sh…
Call, oil, or natural gas
Free enterprise System
Economic system in which people start and run businesses with…
Service industry
Business that provides services to people instead of producin…
55 terms
The American Free Enterprise System Chapter 3
Incentive
Free Enterprise
Voluntary Exchange
Private Property Rights
something that motivates
an economic system in which privately owned businesses have t…
act of buyers and sellers freely and willingly engaging in ma…
fundamental feature of capitalism, which allows individuals t…
Incentive
something that motivates
Free Enterprise
an economic system in which privately owned businesses have t…
9 terms
8th Grade Quiz #4
free enterprise system
service industry
colony
federal republic
economic system in which people start and run businesses with…
business that provides services to people instead of producin…
overseas territory or settlement tied to a parent country
government divided between national and state powers
free enterprise system
economic system in which people start and run businesses with…
service industry
business that provides services to people instead of producin…
15 terms
Circular Flow PART 2 of 2: U1 - L1, Free Enterprise
Free enterprise
Goods
Human resources
Natural resources
A system of which economic decisions are made in markets by p…
Things people buy and use.
The labor (work), skills, and abilities of workers used in pr…
Things that occur naturally in the world and that are used to…
Free enterprise
A system of which economic decisions are made in markets by p…
Goods
Things people buy and use.
27 terms
Principles of Business - Project 2 Brief 1
three basic questions
Government, businesses, individuals
Private enterprise
Private property
What goods and services will be produced?... How will these good…
Answer the three basic questions
has enabled the U.S. to produce more goods and services than…
Is anything of value that people own, may also be business pr…
three basic questions
What goods and services will be produced?... How will these good…
Government, businesses, individuals
Answer the three basic questions
38 terms
Chapter 2: Economic Systems
economic system
factor payment
profit
safety net
the structure of methods and principles that a society uses t…
the income people receive in return for supplying factors of…
A financial gain, esp. the difference between the amount earn…
government programs that protect people experiencing unfavora…
economic system
the structure of methods and principles that a society uses t…
factor payment
the income people receive in return for supplying factors of…
9 terms
government and economic systems
Capitalism
Communism
Socialism
Free Enterprise
an economic system in which investment in and ownership of th…
a form of socialism that abolishes private ownership
an economic system based on state ownership of capital
economic system in which individuals and businesses are allow…
Capitalism
an economic system in which investment in and ownership of th…
Communism
a form of socialism that abolishes private ownership
Economic Systems
ECONOMY
SCARCITY
FACTORS OF PRODUCTION
FREE ENTERPRISE SYSTEM
a system of using resources to meet needs
conflict that exists because wants are unlimited and resource…
the basic economic resources needed to produce goods and serv…
an economic system in which businesses can compete freely wit…
ECONOMY
a system of using resources to meet needs
SCARCITY
conflict that exists because wants are unlimited and resource…
20 terms
American Free Enterprise Vocabulary (Ch. 3)
free enterprise
voluntary exchange
private property rights
profit
an economic system in which privately owned businesses have t…
economic action done or brought about by free choice
fundamental feature of capitalism, which allows individuals t…
extent to which persons or organizations are better off at th…
free enterprise
an economic system in which privately owned businesses have t…
voluntary exchange
economic action done or brought about by free choice
14 terms
Chapter 15 full set
czar
serf
industrialize
communist state
name for emperor in Russia's past
farm laborer who could be bought and sold along with the land
to change an economy to rely more on manufacturing and less o…
country whose government has strong control over the economy…
czar
name for emperor in Russia's past
serf
farm laborer who could be bought and sold along with the land
8 terms
play
dividend
capital
economy
capitalism
A payment from profits by a company's Board of Director's to…
An economic system based on private ownership of capital
System of production, consumption, and distribution.
An economic system based on private ownership of capital
dividend
A payment from profits by a company's Board of Director's to…
capital
An economic system based on private ownership of capital
9 terms
CHAPTER 1 LESSONS 3 AND 4 KUHL
opportunity cost
capital
entrepreneur
market economy
the cost of passing up the second choice when making a decision
human-made goods that people use to produce goods and service…
a person who starts and runs a business
economic system in which buyers and sellers choose to do busi…
opportunity cost
the cost of passing up the second choice when making a decision
capital
human-made goods that people use to produce goods and service…
Economics Chapter 3 Review - Coach Grimm
Free Enterprise
The Great Recession
Consumer Sovereignty
Minimum Wage
Economic system in which individuals and businesses are allow…
Financial Crisis that started in summer of 2007 and got worse…
the role of consumer as the ruler of the market, determining…
a minimum price that an employer can pay a worker for an hour…
Free Enterprise
Economic system in which individuals and businesses are allow…
The Great Recession
Financial Crisis that started in summer of 2007 and got worse…
26 terms
Economic systems
traditional economy
economic systems
command system
socialism
economic system in which the allocation of scarce resources,…
organized way a society provides for the wants and needs of i…
economic system characterized by a central authority that mak…
economic system in which government owns some factors of prod…
traditional economy
economic system in which the allocation of scarce resources,…
economic systems
organized way a society provides for the wants and needs of i…
Exploring Eastern Europe and Russia key terms
Free enterprise
Shrine
United Nations
Economic sanctions
An economic system in which individuals can start and run the…
A holy place
A organization of countries toward cities and the resulting i…
Actions to limit trade with nations tat have violated interna…
Free enterprise
An economic system in which individuals can start and run the…
Shrine
A holy place
17 terms
Economic systems MERIT
traditional economy
economic systems
command system
socialism
economic system in which the allocation of scarce resources,…
organized way a society provides for the wants and needs of i…
economic system characterized by a central authority that mak…
economic system in which government owns some factors of prod…
traditional economy
economic system in which the allocation of scarce resources,…
economic systems
organized way a society provides for the wants and needs of i…
22 terms
Chapter 2 - Economic Systems and Decision Making
economic system
traditional economy
command economy
market economy
organized way a society provides for the wants and needs of i…
economic system in which the allocation of scarce resources a…
economic system characterized by a central authority that mak…
economic system in which supply, demand, and the price system…
economic system
organized way a society provides for the wants and needs of i…
traditional economy
economic system in which the allocation of scarce resources a…
13 terms
Chapter 3 The Growth of Business and Industry
capital
natural resources
capitalism
free enterprise
money that is used to earn more money
a material found in nature that can be used by people (exampl…
a type of economic system that allows people to own businesse…
the economic system that allows people to operate businesses…
capital
money that is used to earn more money
natural resources
a material found in nature that can be used by people (exampl…
11 terms
Section 2 an economic leader
Free enterprise system
Service industry
New York City
Washington D.C.
Economic system in which people start and run businesses with…
Business that provides services to people instead of producin…
One of the financial capitals of the world.
The nations capital
Free enterprise system
Economic system in which people start and run businesses with…
Service industry
Business that provides services to people instead of producin…
9 terms
Unit 1 Vocab (Economy and government)
Economy
Command Economy
Mixed Economy
Free Enterprise System
the management of the resources of a community, country, etc.…
an economic system in which the government makes decisions... ab…
an economic system in which both the government and individua…
economic system that operates on free competition, in which... p…
Economy
the management of the resources of a community, country, etc.…
Command Economy
an economic system in which the government makes decisions... ab…
24 terms
B. Bowen 5th grade Chapter 13
Reconstruction
Assassinate
Black Codes
Acquittal
The time during which the South was rebuilt after the Civil W…
To murder a leader by sudden or secret attack.
Laws limiting the rights of former slaves in the South.
A verdict of not guilty
Reconstruction
The time during which the South was rebuilt after the Civil W…
Assassinate
To murder a leader by sudden or secret attack.
22 terms
What is Economics? Chapter 1
economics
scarcity
factors of production
land
the study of how organizations use limited resources to satis…
limited quantities of resources to meet unlimited wants
land, labor, capital, entrepreneurship (the resources that ar…
natural resources such as land, water, and trees
economics
the study of how organizations use limited resources to satis…
scarcity
limited quantities of resources to meet unlimited wants
8 terms
Chapter 1: Lesson 3
Opportunity Cost
Capital
Entrepreneurs
Market Economy
the cost of passing up the second choice when making a decision
human-made goods that people use to produce goods and service…
a person who starts and runs a business
economic system in which buyers and sellers choose to do busi…
Opportunity Cost
the cost of passing up the second choice when making a decision
Capital
human-made goods that people use to produce goods and service…
28 terms
4th/5th - Economics
entrepreneur
region
resource
capital resources
A person who comes up with a new idea and uses resources to s…
A geographic area united (grouped) by similar characteristics.
Something that is used to produce a good or service.
Buildings, tools, and machines that businesses use to make an…
entrepreneur
A person who comes up with a new idea and uses resources to s…
region
A geographic area united (grouped) by similar characteristics.
15 terms
Economic Systems and Government
economy
traditional economy
free enterprise
market economy
the process or system by which goods and services are produce…
a system in which tradition and custom control all economic a…
a system in which private individuals or groups have the righ…
an economic system based on free enterprise, in which busines…
economy
the process or system by which goods and services are produce…
traditional economy
a system in which tradition and custom control all economic a…
24 terms
Economics Ch 2 Economic Systems and Decision Making
economic system
traditional economy
command economy
market economy
the method used by a society to produce and distribute goods…
economic system that relies on habit, custom, or ritual to de…
economic system in which a central authority is in command of…
an economic system based on free enterprise, in which busines…
economic system
the method used by a society to produce and distribute goods…
traditional economy
economic system that relies on habit, custom, or ritual to de…
62 terms
Topic 2 - Free Enterprise and Other Economic Systems Vocab
economic system
factor payments
profit
3 basic economic questions
the structure of methods and principles a society uses to pro…
the income people receive in return for supplying factors of…
the amount of money a business receives in excess of its expe…
1. What goods and services should be produced?... 2. How should…
economic system
the structure of methods and principles a society uses to pro…
factor payments
the income people receive in return for supplying factors of…
12 terms
Economic unit
entrepreneur
service
manufacturing
someone who starts a business
type of business where you are doing something for someone
type of business where you are making something
entrepreneur
someone who starts a business
service
type of business where you are doing something for someone
13 terms
Economic Differences
Economy
Economics
Free Enterprise
Free Enterprise is also referred to as
process or system by which goods and services are produced, s…
studies how resources are distributed to satisfy the needs an…
aims to operate with limited government ownership or restrict…
capitalism or market economy
Economy
process or system by which goods and services are produced, s…
Economics
studies how resources are distributed to satisfy the needs an…
11 terms
Chapter 2
Economic system
Traditional economy
Command economy
Market economy
Organized way a society provides for the wants and needs of i…
Economic system in which the allocation of scarce resources a…
Economic system characterized by a central authority that mak…
Economic system in which supply, demand, and the price system…
Economic system
Organized way a society provides for the wants and needs of i…
Traditional economy
Economic system in which the allocation of scarce resources a…
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