

Economics Concepts Flashcards
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Jimmesha Elia
Used 1+ times
FREE Resource
Student preview

57 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Subsidy
Back
Financial assistance provided by the government to support or promote specific industries or activities.
2.
FLASHCARD QUESTION
Front
Capital
Back
Resources, such as machinery and money, used to produce goods and services.
3.
FLASHCARD QUESTION
Front
Mixed Economy
Back
An economic system that incorporates elements of both market and command economies.
4.
FLASHCARD QUESTION
Front
Goods
Back
Tangible products that can be bought or sold.
5.
FLASHCARD QUESTION
Front
Economize
Back
To make decisions that minimize costs and maximize efficiency.
6.
FLASHCARD QUESTION
Front
Market Failure
Back
A situation in which the allocation of goods and services is not efficient, often due to externalities or monopolies.
7.
FLASHCARD QUESTION
Front
Consumer
Back
An individual or group that purchases and uses goods and services.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?