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Number 1
Number 2
Number 3
Number 4
100
natural resources, labor, capital
What is the factors of production
100
a movement to educate buyers about the puchese they make and to determine better and safer products from manufactures.
What is consumerism
100
when people businesses regions and or nations on goods and services that they con produce better than anyone else
What is speicalization
100
money income left after necessities have been bought and paid off
What is Disposable income
200
driving force that encourage people to improve.
What is profit motive
200
human effort directed towards producing goods and services.
What is labor
200
a market where productive resources are bought and sold.
What is factor markets
200
the material well-being of an individual, group or nation measured by how well their necsessities and luxuries
What is Standard of living
300
the role of consumer as the ruler of the market determining what product will be produced
What is consumer sovereignty
300
a market where producers offer goods and services for sale
What is product market
300
the act of buyers and sellers freely and willingly engaging in market
What is Voluntary exchange
300
individual who starts new businesses introduce new producted
What is enterpreneurs
400
money income left after necessities have been bought and paid for.
What is discretionary income
400
previously manufactured goods used to make other goods and services
What is Capital
400
the breaking down of a job into separate smaller tasks to be preformed individually
What is Division of labor
400
the money the people and make goals
What is resources
500
the payment people receive when lend or allow someone else to use there money
What is interest
500
total dollar value of all final goods and services produced in a country during a single year.
What is gross domestic product
500
the degree to which resources and being used effciently to produced goods and services
What is productivity
500
the sum of the skills. motivation of people
What is human capital