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"

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…
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.
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…
2nd grade unit 9
Consumer
Free Enterprise System
Goods
Income
A person who purchases goods and services for personal use
economic system in which people start and run businesses with…
Items purchased to satisfy needs and wants
Earnings from work
Consumer
A person who purchases goods and services for personal use
Free Enterprise System
economic system in which people start and run businesses with…
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…
16 terms
United States
Contiguous
Atlantic coastal Plain
Appalachian Mountains
Central Lowland
...
Contiguous
...
Atlantic coastal Plain
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…
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…
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
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…
49 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…
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…
7 terms
abauchmanGeoVocab Nov 18
coral reef
poaching
ecotourist
habitat
structure at or near the water's surface formed by the skelet…
illegal hunting of protected animals
person who travels to another country to view its natural won…
type of environment in which a particular animal species lives
coral reef
structure at or near the water's surface formed by the skelet…
poaching
illegal hunting of protected animals
Chapter 2 Section 2
Invisible Hand
Capitalism
Free Enterprise System
Private Property
competition to achieve the maximum good for society
An economic system based on private property and free enterpr…
economic system in which people start and run businesses with…
property that is owned by individuals or companies, not by th…
Invisible Hand
competition to achieve the maximum good for society
Capitalism
An economic system based on private property and free enterpr…
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…
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
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…
January 26 Vocabulary
urban
rural
industrialization
urbanization
of or relating to a city
of or relating to the countryside
the mass manufacture of goods in a factory system
people moving from the countryside to the city
urban
of or relating to a city
rural
of or relating to the countryside
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.
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…
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…
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.
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…
5 terms
China Vocabulary 1
invest
fault
communist state
dike
to put money into business
crack in the earth's crust
country whose government allows no ownership of private prope…
high bank of soil along a body of water to control floods
invest
to put money into business
fault
crack in the earth's crust
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
Chapter 3 economics: The American Free Enterprise System
Free Enterprise
Voluntary Exchange
Private Property rights
Profit
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…
Difference between the revenue from sales in the full opportu…
Free Enterprise
An economic system in which privately owned businesses have t…
Voluntary Exchange
Act of buyers and sellers freely and willingly engaging in ma…
19 terms
Chapter 4: The United States
contiguous
megalopolis
coral reef
free enterprise system
areas that are joined together inside a common boundary
pattern of heavy urban settlement over a large area
structure at or near the water's surface formed by the skelet…
economic system in which people start and run businesses with…
contiguous
areas that are joined together inside a common boundary
megalopolis
pattern of heavy urban settlement over a large area
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…
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…
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…
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
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…
21 terms
The Early Republic
George Washington
Washington's Cabinet
Judiciary Act of 1789
Alexander Hamilton
(1732-1799) no political party. Had no desire to become presi…
A group of advisors to the President; Secretary of State, Sec…
In 1789 Congress passed this Act which created the federal-co…
1789-1795; First Secretary of the Treasury. He advocated crea…
George Washington
(1732-1799) no political party. Had no desire to become presi…
Washington's Cabinet
A group of advisors to the President; Secretary of State, Sec…
The American Free Enterprise System
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…
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
14 terms
Home & Careers (Krone) Economics December 2016 - Review
Goods without demand - price goes down…
free market economy - free enterprise…
Individuals & businesses may buy and s…
Government set rules for prices, wages…
Law of supply & demand
Capitalism
Free enterprise system
Regulate
Goods without demand - price goes down…
Law of supply & demand
free market economy - free enterprise…
Capitalism
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
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…
Geo Economics study guide 9-12
In a free enterprise system, business…
Benefits of a free enterprise system
Individuals can't accumulate wealth th…
Free entreprise
make a profit
people start and own business and the government has limited…
through their own innovation when living in a communist society
is privately owned of goods and services
In a free enterprise system, business…
make a profit
Benefits of a free enterprise system
people start and own business and the government has limited…
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…
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…
China Study Guide
invest
dike
"one country, two systems"
free enterprise system
to put money into a business
high banks of soil
China's policy of blending capitalism and some Western freedo…
economic system that operates on free competition, in which p…
invest
to put money into a business
dike
high banks of soil
P Bus P2 Brief 1
Private enterprise system freedom to c…
Private enterprise system freedom to c…
Private enterprise system freedom to h…
Limits to freedom
People and businesses are free to compete for what they want;…
Own personal economic goals, Standard of living, How hard you…
To own, use, buy and sell property
People and businesses are limited by laws, pay taxes, and can…
Private enterprise system freedom to c…
People and businesses are free to compete for what they want;…
Private enterprise system freedom to c…
Own personal economic goals, Standard of living, How hard you…
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…
6 terms
Market Economy and Free Enterprise
Capitalism
Competition
Free Enterprise
Entrepreneur
a market economy is based on capitalism, a system in which pr…
the struggle among sellers to attract consumers by offering t…
competition is allowed to flourish with little government inv…
a person who takes a risk to start their own business
Capitalism
a market economy is based on capitalism, a system in which pr…
Competition
the struggle among sellers to attract consumers by offering t…
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
98 terms
CIVICS: free enterprise
goods
services
factors of production
natural resources
tangible products that we use to satisfy our wants and needs
work performed by a person for someone else
resources necessary to produce goods and services
gifts of nature that make production possible
goods
tangible products that we use to satisfy our wants and needs
services
work performed by a person for someone else
industriel rev
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
Chapter 5 Vocabulary - New Industries & People
transcontinental railroad
telegraph
free enterprise
petroleum
a railroad that crosses N. America, linking the Atlantic & Pa…
a system for transmitting messages from a distance along a wire
an economic system in which people are free to start & run th…
oil
transcontinental railroad
a railroad that crosses N. America, linking the Atlantic & Pa…
telegraph
a system for transmitting messages from a distance along a wire
19 terms
Chapter 3: the American free enterprise system
Free enterprise
Voluntary exchange
Private property rights
Profit
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…
Difference between the revenue from sales and the full opport…
Free enterprise
An economic system in which privately owned businesses have t…
Voluntary exchange
Act of buyers and sellers freely and willingly engaging in ma…
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