UNDERSTANDING ECONOMIES AND ECONOMIC SYSTEMS

BUYING AND SELLING OF GOODS AND SERVICES ON THE INTERNET

TELL BUSINESSES WHAT TO PRODUCE

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

STOCK PRICES ARE GOING DOWN OR FALLING

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

STOCK PRICES ARE GOING UP

CHARACTERIZED BY MORE GOVERNMENT OWNERSHIP AND CENTRAL PLANNING

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

CENTRAL BANK OF THE UNITED STATES

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

WHO IS YOUR FAVORITE TEACHER?

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

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

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

THE POINT AT WHICH SUPPLY AND DEMAND CURVE MEET.

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

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

GOODS PRODUCED AND USED TO MAKE OTHER GOODS AND SERVICES

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

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

ECONOMIC SYSTEM THAT IS RUN BY A CENTRAL GOVERNMENT OR AUTHORITY

A COMBINATION OF A COMMAND AND MARKET ECONOMY

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

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

ONE WHO USE GOODS OR SERVICES

THINGS THAT YOU MUST HAVE IN ORDER TO SURVIVE

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

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.

MAKING CHOICES AND SATISFYING THE WANTS AND NEEDS OF CONSUMERS