Economic Systems
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| show | What to produce?
How to produce it?
For whom to produce?
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| show | The social science that deals with the production, distribution and consumption of goods and services.
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| What is bartering? | show 🗑
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| What is traditional economy? | show 🗑
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| show | Economy where the government decides what goods are made and who they will be made.
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| show | An economic sysytem based on free trade and competiotions (free enterprise, capitalism)
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| show | Economic system in which private owners control the production of goods and profit (free enterprise, market economy)
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| show | None
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| show | How much people have or how much is avaliable.
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| show | What or how much people want.
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| show | Economy composed of a combination of government and private owned businesses.
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| What is Gross Domestic Product (GDP)? | show 🗑
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| show | How well the citizens of a country live based on public services, education, health care, jobs.
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| show | The percent of how many citizens in a country can read and write.
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| What is specialization? | show 🗑
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| show | Money
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| What is exchange rate? | show 🗑
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| show | Items from Earth that we use for our own purposes
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| What are capital goods? | show 🗑
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| show | A person's set of skills, talents, and education that they use in the workplace
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| What is an entrepreneur? | show 🗑
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| show | Forklift, factory
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| show | Education, training, health
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| show | A tax on imported goods
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| What is a quota? | show 🗑
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| show | A ban on trade with a country for political reasons
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Nikki-bug
Popular Economics sets