UNDERSTANDING ECONOMIES AND ECONOMIC SYSTEMS

THINGS YOU THINK YOU MUST HAVE IN ORDER TO BE SATISFIED (NOT NECESSARY FOR SURVIVAL)

ONE WHO USE GOODS OR SERVICES

STOCK PRICES ARE GOING UP

TELL BUSINESSES WHAT TO PRODUCE

CHARACTERIZED BY MORE GOVERNMENT OWNERSHIP AND CENTRAL PLANNING

THE POINT AT WHICH SUPPLY AND DEMAND CURVE MEET.

THE CONDITION THAT EXISTS WHEN WANTS EXCEED RESOURCES AVAILABLE TO SATISFY WANTS.

AN INDIVIDUAL'S NEED OR DESIRE FOR A GOOD OR SERVICE AT A GIVEN PRICE

BUYING AND SELLING OF GOODS AND SERVICES ON THE INTERNET

CHARACTERIZED BY PRIVATE OWNERSHIP OF THE MEANS OF PRODUCTION, SUPPLY AND DEMAND ARE ALLOCATED

THINGS THAT YOU MUST HAVE IN ORDER TO SURVIVE

MAKING CHOICES AND SATISFYING THE WANTS AND NEEDS OF CONSUMERS

STOCK PRICES ARE GOING DOWN OR FALLING

WHERE SHARES OF STOCKS AND OTHER SECURITIES ARE BOUGHT AND SOLD (OR TRADED).

"GIFTS OF NATURE" THAT ARE PRESENT WITHOUT HUMAN INTERVENTION (EX. LAND)

CAN BE USED TO SEE THE RELATIONSHIP BETWEEN THE SUPPLY AND THE DEMAND

THE TYPE OF ECONOMY WHERE PEOPLE BELIEVE IN DOING THINGS THE SAME AS THEIR ANCESTORS

THE DESIRE TO OWN SOMETHING AND THE ABILITY TO PAY FOR IT.

THE KNOWLEDGE, EFFORTS, AND SKILLS PEOPLE BRING TO THEIR WORK, ALSO KNOWN AS LABOR

GOODS PRODUCED AND USED TO MAKE OTHER GOODS AND SERVICES

A COMBINATION OF A COMMAND AND MARKET ECONOMY

HOW MUCH OF A GOOD OR SERVICE THAT IS AVAILABLE AT DIFFERENT PRICES

ECONOMIC SYSTEM THAT IS RUN BY A CENTRAL GOVERNMENT OR AUTHORITY

CENTRAL BANK OF THE UNITED STATES

THE AMOUNT AT WHICH A GOOD OR SERVICE WILL BE SOLD AT IN A MARKET

PHYSICAL LOCATION WHERE STOCKS ARE LISTED AND BOUGHT AND SOLD (OR TRADED)

WHO IS YOUR FAVORITE TEACHER?

BUSINESSES AND PEOPLE ENTER THE MARKET IN HOPES OF MAKING MONEY (EARNING A PROFIT)

THE INITIATIVE TO IMPROVE GOODS AND SERVICES OR CREATE NEW ONES

HOW MUCH OF A GOOD OR SERVICE A PRODUCER IS WILLING AND ABLE TO PRODUCE AT DIFFERENT PRICES.