Business
Citizen Behaviours
Flow of Income
Enconimic Behaviours
Final Jeopardy
100
A well accepted unit that can be exchanged for almost anything, such as food, water, territory, and the right to reproduce.
What is currency?
100
When you expose yourself to danger in order to possibly gain something.
What is risk?
100
Business, resources and behaviour controlled by individuals, every man for himself mentality, what is best for oneself is best for the greater good.
What is capitalism?
100
When the economy or ecosystem falls out of balance and crashes.
What is market failure?
200
A portion of an economy essential to the society’s survival at it’s most basic level.
What is essential industry?
200
When several parties struggle against each other for the same resources.
What is competition?
200
Driven by personal gains, generally in currency values. (Hint: MR KRABS)
What is profit motive?
200
When currency and other aspects or economy or environment are found mostly in a small geographical or economic area.
What is resource concentration?
300
The ability to deal with whomever or whatever you chose.
What is free trade?
300
When you respond effectively to changes in the environment.
What is adaptation?
300
The forward drive of the economy, encouraging innovation and investing in the economy.
What is entrepreneurship?
300
The ratio of the amount of resources and the wanting of these resources.
What is supply and demand?
300
An economy with currency, essential industry, free trade, risk, competition, adaptation, capitalism, profit motive, entrepreneurship, market failures, resource concentration, and supply and demand.
What is market economy?
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