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