SS7E3 Vocabulary

1. the degree of wealth and material comfort available to a person or community.

• Literacy Rate

• Economic Growth

• Standard of Living

• Investment

• Human Capital

the economic well-being and quality of life of a nation, region, local community, or an individual are improved

• Technology

• Distribution

• Economic Development

• Entrepreneurship

• Economy

the action of teaching a person or animal a particular skill or type of behavior.

• Education

• Training

• Gross Domestic Product (GDP)

• Per Capita

• Capital Goods

the process of receiving or giving systematic instruction, especially at a school or university.

• Education

• Training

• Gross Domestic Product (GDP)

• Per Capita

• Capital Goods

the act of putting money, effort, time, etc. into something to make a profit

• Literacy Rate

• Economic Growth

• Standard of Living

• Investment

• Human Capital

The percentage of people who can read and write

• Literacy Rate

• Economic Growth

• Standard of Living

• Investment

• Human Capital

An economy is an area of the production, distribution and trade, as well as consumption of goods and services

• Technology

• Distribution

• Economic Development

• Entrepreneurship

• Economy

the action of sharing something out among a number of recipients

• Technology

• Distribution

• Economic Development

• Entrepreneurship

• Economy

man-made products used by a business to produce consumer or other capital goods

• Education

• Training

• Gross Domestic Product (GDP)

• Per Capita

• Capital Goods

for each person or per person

• Education

• Training

• Gross Domestic Product (GDP)

• Per Capita

• Capital Goods