Market Economy Vocabulary

Market Economy Vocabulary

Assessment

Flashcard

Other

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Economy is...

Back

the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

2.

FLASHCARD QUESTION

Front

A consumer is...

Back

a person who purchases goods and services for personal use.

3.

FLASHCARD QUESTION

Front

A producer is...

Back

a person, company, or country that makes, grows, or supplies goods or commodities for sale.

4.

FLASHCARD QUESTION

Front

Demand is...

Back

an insistent and peremptory request, made as if by right.

5.

FLASHCARD QUESTION

Front

 Supply is...

Back

make (something needed or wanted) available to someone; provide.

6.

FLASHCARD QUESTION

Front

Demand – Consumers’ desire to buy a particular good or service

Back

True

7.

FLASHCARD QUESTION

Front

The amount of goods or services available for a consumer to buy

Back

Supply

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