Incentive in business production?
Econ U1 Vocab
Flashcard
•
Social Studies
•
10th Grade
•
Hard
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48 questions
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1.
FLASHCARD QUESTION
Front
Back
A Reason
2.
FLASHCARD QUESTION
Front
Opportunity Cost
Back
Cost of next best alternative
3.
FLASHCARD QUESTION
Front
Factor of Production: Tools, equipment, and factories used in production
Back
Capital
4.
FLASHCARD QUESTION
Front
What is a "Want"?
Back
Means of expressing a need.
5.
FLASHCARD QUESTION
Front
Risk-taker in search of profits
Back
Entrepreneurship
6.
FLASHCARD QUESTION
Front
NOT a Basic Economic Question:
Back
"Entrepreneurship"
7.
FLASHCARD QUESTION
Front
Factor of Production: People with efforts, abilities, skills
Back
Labor
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