What is an Economy?
Economics Concepts T1L2

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Other
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10th Grade
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Easy
Zsuzsa SCHMIDT
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13 questions
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1.
FLASHCARD QUESTION
Front
Back
An economy is a system of production, distribution, and consumption of goods and services.
2.
FLASHCARD QUESTION
Front
Economic Indicators
Back
Economic indicators are statistics that provide information about the economic performance and predictions for future performance.
3.
FLASHCARD QUESTION
Front
Importance of Economic Indicators
Back
They help in assessing the health of an economy and guide policy decisions.
4.
FLASHCARD QUESTION
Front
Role of Central Bank
Back
The central bank manages the cash rate and influences monetary policy.
5.
FLASHCARD QUESTION
Front
Income
Back
Money received, especially on a regular basis, for work or through investments.
6.
FLASHCARD QUESTION
Front
Government
Back
The governing body of a nation, state, or community.
7.
FLASHCARD QUESTION
Front
Supply
Back
The total amount of a product or service available to consumers.
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