thrifty management; frugality in the expenditure or consumption of money, materials, etc.
What is an economy?
100
Gross National Product
What is GNP?
100
A downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
What is Recession?
100
Who is someone who works for someone?
What is an employee?
200
Land; labor; capital; and Entrepreneurship
What is Factors of Production?
200
Gross Domestic Product
What is GDP?
200
A source of supply, support, or aid, especially one that can be readily drawn upon when needed.
What is a resource?
200
Perios when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unenployment problems, and economic contraction.
What is Depression?
200
Who is someone that owns their own business?
What is an entrepreneur?
300
a person who organizes and manages any enterprise, ususally with some kind of risk involved.
What is Entrepreneurship?
300
Consumer Price Index
What is CPI?
300
The difference between wants, needs, and resources.
What is Scarcity?
300
The ragaining of something lost.
What is Recovery?
300
What is a recurrent change in the total business activity of a country?
What is Business Cycle?
400
An underdeveloped economy in which communities use primitive tools and methods to harvest and hunt for food, often resulting in little economic growth
What is Traditional Economy?
400
Producer Price Index
What is PPI?
400
Controlled by the government.
What is Command Economy?
400
How long does a human spend on the phone in a lifetime?
What is 2 years?
400
The quality, state, or face of being able to generate, create, enhance, or bring forth goods and services.
What is productivity?
500
A capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand. **NO government intervention- businesses compete & individuals direct the choices.
What is Market Economy?
500
What does Karoke mean in Japanese?
What is empty orchestra?
500
A period of increased economic or business activity.
What is Expansion?
500
What season do children grow the most?
What is springtime?
500
This includes roads; defense; railroads; leadership; and sanitation.