Chapter 19
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | tangible products that we use to satisfy our wants and needs
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| show | work performed by a person for someone else
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| factors of production | show 🗑
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| show | gifts of nature that make production possible
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| show | human effort directed towards producing goods and srevices
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| show | previously manufactured goods used to make other good and services
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| show | individual who starts a new business, introduces a new produce and improves a management technique
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| gross domestic product | show 🗑
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| show | the material well-being of an individual, group or nation measured by how well their necessities and luxuries are satisfied
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| market | show 🗑
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| factor market | show 🗑
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| show | a market where producers offer goods and services for sale
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| productivity | show 🗑
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| specialization | show 🗑
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| show | the breaking down of a job into separate, smaller tasks to be performed individually
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| show | a reliance on others as they rely on you to provide goods and services to be consumed
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| show | a system in which private citizens own most, if not all, of the means of production and divide how to use them within legislated limits
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| free enterprise | show 🗑
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| show | the role of consumer as the ruler of the market, determining what products will be produced
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| private property rights | show 🗑
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| show | the struggle that goes on between buyers and sellers to get the best products at the lowest prices
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| profit | show 🗑
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| show | the driving force that encourages individuals and organizations to improve their material well-being
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| show | the act of buyers and sellers freely willingly engaging in market transactions
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| show | economic system where government should not interfere in the marketplace
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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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