Economics Glossary
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 | Paying for goods or services with other goods or services, instead of with money.
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| show | A person who pays for goods or services
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| Business Cycle | show 🗑
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| show | Supply is the amount of a good or service available at any particular price.
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| show | Demand refers to the amount of a good or service that people are both willing and able to buy.
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| show | Rights are freedoms we have that are protected by our laws
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| show | Economic responsibilities are the most basic social responsibilities of business. These include providing goods and services to society at a reasonable cost, providing jobs & paying tax.
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| show | Companies and corporations that are government run are part of what is known as the public sector
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| show | The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled
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| GDP | show 🗑
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Created by:
BexLearey
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