
Economics Vocab
Flashcard
•
Social Studies
•
6th - 7th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
Economic system based on traditions and beliefs
Back
Traditional
2.
FLASHCARD QUESTION
Front
Government determines production of goods/services
Back
Command
3.
FLASHCARD QUESTION
Front
A system managed by the people, based on supply and demand.
Back
Market
4.
FLASHCARD QUESTION
Front
Economic system with traits of traditional, market, and command economies.
Back
Mixed
5.
FLASHCARD QUESTION
Front
Value of people's work
Back
human capital
6.
FLASHCARD QUESTION
Front
Tools, equipment, buildings, and vehicles used in production
Back
Capital
7.
FLASHCARD QUESTION
Front
People using money and talents to start a business
Back
Entrepreneurs
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