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