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