Economics
Needs are more important than wants
What is true?
this is the term for money paid to protect from a Calamitous occurrence
What is insurance
a type of primitive economy that may have barter instead of cash
What is traditional
i Wrote the communist manifesto
Who is Karl Marx
Sun is an example of this type of factor
What is land
Consumers are people who make goods and sell them
What is false?
Money you put aside to keep or spend later
What is savings?
Lack of resources
What is scarcity?
i am considered the founder of capitalism
Who is Adam Smith?
Money earned
What is income?
A person's focus on one product or service
What is specialization?
i was the president who created America’s social safety net
Who is FDR
people Make this in order to allocate how they will spend their money
What is a budget
the term for where the supply and demand curve meet
What is market price
i call myself mr wonderful. I’m bald and love royalties
Who is Kevin O’Leary from shark tank
Tools, machines, and factories used to produce goods
What is a capital resource?
i proposed capitalism needs a social safety net
Who is John Maynard Keynes
a business owner who came up with the idea
What is an entrepreneur