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Entrepreneurship 2.1 Flashcards | StudBud
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Entrepreneurship 2.1
There is three types of wants
Natural resources come from a factory
Entrepreneurship 2.1
20 terms
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StudBud Administration
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206 plays
Needs and wants
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Natural resources come from a factory
False
True
2
There is three types of wants
False
True
3
Natural resources are unlimited
True
False
4
Services are...
Things you can see and touch
Gas
Activity’s consumed as a product
Oil
5
What is supply
Amount sold
Unavailable goods
Available goods
Consumer desire for a good
6
What is a want?
Shelter
Water
Food
A lazy boy recliner
7
Economy’s are based on supply and demand
True
False
8
Aa need is...
Something you need to survive
An object that adds comfort to life
Some fourth answer
A service that adds comfort to life
9
Goods are...
Products you can see and touch
Oil
Water
Fish
10
What is a need?
Water
WiFi
A rhinestone cowboy hat
Hot pockets
11
Factors of production include Human Resources, capital resources and
Cows
Human Resources
Natural resources
CFLs
12
Human Resources are employees
True
False
13
Capital resources are basically Human Resources
True
False
14
Supply is the consumer desire for a good.
True
False
15
There is two types of wants
True
False
16
Needs and wants aren’t unlimited
False
True
17
Economic want is?
Getting your lawn mowed
New shoes
A haircut
A snow shoveling service
18
Limited resources are...
Resources we will eventually run out of
Limited edition
19
Maslows hierarchy of needs includes, physiological, security, social, esteem and?
Financial literacy
Taxes
Profit
Self-Actualization
20
A non economic want is?
Sunshine
An object that adds comfort
A Big Mac
A puppy
