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Economics Flashcards | StudBud
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Economics
Economics
26 terms
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#Grade 5 # John Street School # Economics
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
the quality or condition of being interdependent or mutually reliant on each other
scarcity
supply and demand
industry
interdependence
2
the sum paid or charged for the use of money or for borrowing money
taxes
loan
interest
entrepreneur
3
charges incurred during a business trip
taxes
loan
entrepreneur
expenses
4
a sum of money demanded by the government for its support
debt
loan
entrepreneur
taxes
5
the act of producing, manufacturing, creating
barter
production
interdependence
distribution
6
the wealth and resources of a country or region, especially in terms of production
barter
goods
services
economy
7
insufficiency or shortness of supply
scarcity
supply and demand
export
import
8
any general business activity
supply and demand
scarcity
industry
import
9
something that is owed or that one is bound to pay
entrepreneur
debt
want
loan
10
require something because it is essential
income
needs
interdependence
industry
11
to ship to other countries or places for sale
producer
profit
export
consumer
12
to trade by exchange or commodities rather than money
barter
industry
interdependence
distribution
13
the act of lending (Lend money with interest)
loan
debt
want
entrepreneur
14
the monetary surplus left to a producer or employer after deducting wages, rent
profit
interest
taxes
loan
15
a person who organizes and manages any enterprise, especially a business
entrepreneur
debt
want
loan
16
to bring In (merchandise, commodities, workers)
export
consumer
import
profit
17
money received, especially on a regular basis
income
barter
industry
goods
18
to have a desire or possess
wants
income
industry
needs
19
a person who creates economic value, or produces goods and services
interest
producer
taxes
profit
20
any deposit or sum of money against which a person may draw
entrepreneur
loan
taxes
credit
21
an act of helpful activity
barter
services
production
distribution
22
as demand for a item increases, price increases
profit
import
export
supply and demand
23
the system of dispersing goods throughout a community
interdependence
scarcity
distribution
industry
24
a person or organization that uses commodity or service
profit
producer
interest
consumer
25
a job or profession
income
occupation
barter
industry
26
possessions, personal property, articles of trade
goods
barter
services
services