Money
Investing in acres of property is also known as investing in
What is land?
The system that the finances and everyday purchases and profit in this country make up (It's easier than you probably think lol)
What is the economy?
Paying for an actual product, versus paying for something that requires labor.
What are goods vs services?
The final product, the ------ of what was put into making it.
What is output?
To create an output, there must first be an ----?
What is input?
Something essential to living versus something that will enhance the quality of life.
What are needs vs wants?
Service work, usually hands on or manual
What is labor?
A lack of resources or opportunites
What is scarcity?
What is a market?
Having an abundance of something (This term is often associated with money)
What is wealth?
The economy is growing! This is an example of...
What is Economic Growth?
My Gucci Slides are falling off of my feet and into my 6 indoor pools! They don't have much...
What is Utility?
The van is ugly, but there's popsicles!
What is Incentive?
A person who starts, runs, and grows their own business.
What is an entrepenuer?
An individuals level of wealth, material goods, and access to necessities makes up their-?
What is standard of living?
The Popeyes v. Chick-fil-A war is an example of this.
What is Competition?
I can only spend weekends with my girlfriend, but it means I get to have a peaceful week with my wife.
What is Trade-Off?
I can do whatever I want! Selling trained squirrels? I mean, sure.
What is Free Enterprise?
Gosh, Josh is actually doing something. He's finally showing some...
What is Productivity?
The money I would hypothetically use to buy my hypothetical planes, trains, and automobiles.
What is Financial Capital?
The fact that water is less expensive than diamonds even though water is essential to our survival; and diamonds, I promise, are not.
What is the Paradox of Value?
When companies produce more black cars than tan cars because tan cars are stupid and everyone agrees with me.
What is Consumer Sovereignty?
The reason businesses want to keep operating instead of moving to Florida and losing all purpose.
What is Profit Motive?
My job pays little to nothing, but Shia LeBeouf comes in once a month. Why am I staying?
What is Opportunity Cost?
Planes, trains, automobiles.
What is Capital?