Economics Terms (Africa, SWA, and SEA)

Economics Terms (Africa, SWA, and SEA)

Assessment

Flashcard

Social Studies

7th Grade

Hard

Created by

Shante Charles

Used 1+ times

FREE Resource

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17 questions

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1.

FLASHCARD QUESTION

Front

Capital goods

Back

The factories, machines, technology, tools, equipment, and any other man-made goods used to make other goods or services.

2.

FLASHCARD QUESTION

Front

Embargo

Back

A ban on trade with a specific nation or group of nations.

3.

FLASHCARD QUESTION

Front

Entrepreneurship

Back

The activity of creating a new business.

4.

FLASHCARD QUESTION

Front

Export

Back

To sell goods or services to another country.

5.

FLASHCARD QUESTION

Front

Human capital

Back

The talents, skills, and labor of people that can be used to produce goods and services.

6.

FLASHCARD QUESTION

Front

Import

Back

To buy goods or services from another country.

7.

FLASHCARD QUESTION

Front

Natural resources

Back

Naturally-made items, such as trees, minerals, or fresh water, that people can use to help meet a need or want.

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