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Economics Vocabulary Game Flashcards | StudBud
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Economics Vocabulary Game
Economics Vocabulary Game
10 terms
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StudBud Administration
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194 plays
Economics
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
An economic system which property/business are owned by private individuals & not by the state.
Communism
Capitalism
Socialism
Mixed system
2
It protects private property & allows a level of economic freedom in the use of capital.
Common system
Equal system
Mixed system
Fair system
3
What is the charge for the privilege of borrowing money, expressed as annual percentage rate?
Inflation
Boost
Gain
Interest
4
What are the means by which the government distributes resources, trade goods, and services?
Distributor
Economic system
Governing
Management
5
What is the process of making or growing goods to be sold?
Distribution
Consumption
Saving
Production
6
What is an amount or share of something that is given to someone or used on particular purpose?
Distribution
Delivery
Manufacturing
Allocation
7
Wealth of a country, especially in terms of the production & consumption of goods & services.
Resources
Funds
Budget
Economy
8
What is a situation in which prices, levels or interest rates go up and down?
Inflation
Fluctuation
Gross
Deflation
9
What is the study of the way in which money, industry, and trade are organized in a society?
Spending
Economics
Enterprenuer
Economic system
10
Which is an economic system where everyone equally owns production?
Equalitarian
Capitalism
Monarchy
Socialism