Tangible, or touchable, items that can be bought or sold
Unit 2: Economics Vocab (Supply/Demand, Factors of Production)
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Social Studies
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7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Goods
2.
FLASHCARD QUESTION
Front
Help or work provided by others; the intangible actions people perform
Back
Services
3.
FLASHCARD QUESTION
Front
All businesses related to the same type of good or service
Back
Industry
4.
FLASHCARD QUESTION
Front
Any man made object needed to make a product or perform a service
Back
Capital
5.
FLASHCARD QUESTION
Front
A person who takes the risks & starts a business in hopes of earning a profit
Back
Entrepreneur
6.
FLASHCARD QUESTION
Front
The way goods & services are produced & distributed in a place
Back
Economy
7.
FLASHCARD QUESTION
Front
The amount of goods or services available to buy; How much is there?
Back
Supply
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