Amendments
13
2
19
19
A place where buyers and sellers of a particular products good or service interact
Market
An item that we desire but dont need to survive
Want
Human effort directed toward producing goods and services
Labor
citizens live in fear and aren't allowed to speak against government
Dictatorship
Which Amendment abolished slavery?
19
13
7
13
Who determines the demand of the market
Buyers
Basic requirement for survival
Need
Buildings, machines, technology, and tools needed to produce goods and services.
capital goods
government where laws and traditions are based on traditions run by religious leaders
Theocracy
Amendment Protects against unreasonable searches?
1
4
5
4
Type of economy where a dictator makes all the economic decisions
Command
Consumers buys more of a good when its price decreases and less when its price increases
Law of Demand
A person who starts up and takes on the risk of a business
Entrepreneur
What is not considered a Oligarchy?
King
Queen
Monarch
King
Which Amendment protects against cruel punishment?
6
7
8
8
Worldwide economy where resources cross borders
Global
Quantity demanded goes up
Prices goes down
land, labor, capital, entreprenuership
Form of government where leader has absolute power
Dictatorship
Monarchy
Direct Democracy
Dictatorship
3
4
5
Economy where decisions are based on customs, beliefs, religions, habits
Traditional
Increase in the general level of prices
Inflation
decrease in the average price of goods and services
Deflation
What are the two types of democracies?
Direct and Representative