Name that word!
What is the study of how society uses its resources? Production, distributing, and consumption of products.
Economics
What are services?
Things that people do for others in exchange for money.
Which word is the best synonym for economics?
monopoly resources demand
Resources
What are three new game pieces from Monopoly from our article?
T.rex, penguin, duck
What is another name for money?
Currency
What is supply?
The amount available of a product.
Which word is the best synonym got monopoly?
supply demand control
Control
Goods: product I can hold
Services: people do things in exchange for money
Who is someone who buys and uses a product?
Consumer
What is inflation?
When the value of a product increases.
Which is the nest synonym for goods?
intangible resources tangible
tangible
What year was Monopoly invented?
1935
What are items that are tangible
Goods
What is a monopoly?
When one company has total control of a market.
What is a synonym for currency?
Money
Provide an example of a product where there is high demand and low supply.
High Demand:
Low Supply:
What is something that is uncommon?
Rare
What is economics?
The study of how society uses its resources. Production, distribution, and consumption of products.
What is a synonym for service?
Intangible
What is inflation? Provide an example of current inflation of a product.
When the value of a product increases.
Gasoline, oil is currently inflated.