Profit & Loss,
Capital & Investment
Capital & Investment
This is when a company pays its expenses and has money left over.
What is profit?
When you send a good or service outside of the country.
This is a physical item that can be bought or sold.
What is a Good?
Name for how much people want a good or service.
What is Demand?
This person is well known for writing The Communist Manifesto.
Who is Karl Marx?
This is when a company cannot pay all of its expenses.
What is a loss?
When a good or service is brought into the country from another country.
What is an import?
This is an action that one person does for another.
What is a Service?
What is currently available for sale.
What is Supply?
This person wrote The Wealth of Nations which described capitalism.
Who is Adam Smith?
This is wealth owned by a person or organization that is used to invest or start a company.
What is capital?
This innovation was developed when formal civilizations began forming.
What is currency?
A farmer is a good example of this.
What is a producer?
When the supply is steady and demand goes up.
What is the Price goes Up?
This economic system puts the needs of business over the needs of the individual.
What is capitalism?
The act of putting money, effort, or time into something while expecting a profit in the future.
What is investment?
The oldest form of trade.
What is bartering?
When you buy things at the grocery store you are this.
What is a consumer?
This item is an example of man-made Scarcity.
What is a diamond?
This economic system is called the "in between" system between capitalism and communism.
What is socialism?
What is a profit of $50?
This kingdom was credited with creating the first true coins.
What was Lydia?
What is Opportunity Cost?
Demand is steady and the price goes up.
What is When Supply goes down?
In this economic system, the government owns all factors of production.
What is communism?