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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 services
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show | previously manufactured goods used to make other goods and services
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show | individual who starts a new business introduces a new product and improves a management technique
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gross domestic product (GDP) | 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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show | a market where productive resources are bought and sold
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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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show | when people businesses regions and or nations concentrate on goods and services that they can produce better than anyone else
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show | the breaking down of a job into separate smaller tasks to be preformed individualy
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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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capitalism | show 🗑
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free enterprise | show 🗑
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consumer sovereignty | show 🗑
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show | the freedom to own and use our own property as we choose as long as we do not interfere with the rights of others
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show | the struggle that goes on between buyers and sellers to get the best products at the lowest price
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profit | show 🗑
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show | the driving force that encourages individuals and oganisations to improve their matereal well being
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voluntary exchange | show 🗑
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show | economic system where government should not interfere in the market
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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:
ColeGillespie
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