Entrepreneurship Economics Review Flashcards

1

A printing press is considered ______.

2

The study of how a country turns its resources into good and services is _____.

3

When deciding on Product, Place, Price, Promotion you are conducting ____.

4

Giving up something to have something else is called _____.

5

Capital refers to money

6

What type of economy does the US have?

7

Limited resources for satisfying unlimited wants and/or needs is called _____.

8

When supply and demand are the same, that is called ______.

9

Capital is considered part of Capital Resources

10

When there is too much supply, you should ______.

11

An example of a Labor Resource would be ______.

12

A tree is a type of ______.

Entrepreneurship Economics Review