Random
The difference between those who have a lot and those who don't.
disparity
Who were the Pilgrims
Group of people who traveled from Europe to New England and settle there.
Human desire to have and use a certain good or service.
want
Study of the production, distribution and consumption of goods.
Economics
Helps us predict future outcomes and make wise decisions.
Economic forecast
An economy is necessary for people to:
survive
Pilgrims were looking for ______________ freedom.
religious
A very large number of people to whom very large quantities of products are sold.
Mass market
Scholars of the production, distribution and consumption of goods.
Economists
Any system for the production, distribution and consumption of goods and services.
Economy
mifnarg
farming
Pilgrims were looking for better________
life conditions
The amount of a good that is produced.
Supply
Greek for large.
Macro
Intangible produced by labor for wich people expect to pay.
Service
morimcenococis
microeconomics
How many Pilgrims traveled?
102
The amount of a good that is bought.
Demand
Focuses on Individuals, households and small businesses:
Microeconomics
Tangible item that people want and for which they will pay.
Good
tysmes
system
The name of the ship where the Pilgrims traveled.
Mayflower
Explain how the change in one part of the economy affects other component.
Focuses on national and international economic aspects.
Macroeconomics
Mechanism that allows people to exchange goods (Including money).
Market