In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Term: Resources Definition: Goods and money used in the production of goods and Term: economyDefinition: Economics system in which the government owns and dictates what is produced Term: CompetitorsDefinition: Businesses that offer the same to the same costumers Term: ConsumerDefinition: Buys and uses the and services Term: decision-making Definition: of choosing which needs or wants will be satisfied Term: Economics Definition: Means from which and services are produced Term: EconomicsDefinition: Study of the decisions made for , distribution, and consumption of goods and services to satisfy wants and needs Term: resourcesDefinition: The to combine natural, human, and capital resources Term: Free Definition: Economic system which to consume and produce goods and services exists Term: Freedom of Definition: Opportunity to make choices of goods and services and consequences of decisions Term: Definition: Items purchased to satisfy needs and Term: Human Definition: People using efforts, Knowledge, and skills at work to produce goods and Term: economy Definition: and services are owned and controlled by the people Term: price Definition: The where supply and demand are equal Term: Definition: Anywhere goods and exchange hands Term: economy Definition: Combines elements of the command and market Term: Natural Definition: Raw materials by nature Term: NeedsDefinition: required for living Term: cost Definition: Value of the next-best alternative that is forgone to produce or another product Term: Property Definition: Right to purchase, use, and discard of things of Term: Definition: Individuals and organizations that determine goods and services will be available for consumption Term: Definition: Money left after selling goods and services and of operating a business have been paid Term: Definition: Condition that when wants or needs exceed resources available Term: ServicesDefinition: Activities that can be consumed at the time of purchase to satisfy needs and Term: TradeoffDefinition: Process of giving up something for something else Term: Traditional Definition: Economic system in which decisions are based on customs and centered Term: Definition: Goods that are purchased to add or pleasure to life |
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