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Economics Chapter 1 Flashcards | StudBud
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Economics Chapter 1
Entrepreneurship is
Materialism is
Economics Chapter 1
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Basics economics
Flashcards
8 cards
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Answers
1
Materialism is
when we companies try to get us to buy things
when you buy things
when your girlfriend wants only things you can buy
2
Entrepreneurship is
IDK
When you ride in a spaceship
When you start your own business or buy one and run it.
3
Three factors of production
labor, capital, natural resources
cash, resources
labor, cash, resources
4
Economics is a study of
all of the above
none of the above
how people make choices
people and countries make choices with their resources
5
Assembly line is
a system where products are created faster
a system that is less expensive
a system which a product moves from worker to worker
all of the above
6
Wants
things needed to survive
something that is NOT necessary to remain alive
person who runs a business
7
Commercialism is
when we companies try to get us to buy things
when your girlfriend wants only things you can buy
when you buy things
8
Needs
something that is NOT necessary to remain alive
things needed to survive
person who runs a business
