SWA CSA

What are economics?

• raw materials from the earth

• factories, machine, and technology

• The study of how decisions are made about how to distribute resources in order to satisfy our unlimited wants

• voluntary exchange of goods and services among people and countries

What is an Entrepreneur?

• someone who has an idea for a good service and takes the risk of and takes the risk to produce it

• development of an increasingly worldwide economy

• level of weath and material comfort a country has

• raw materials from the earth

What is a command economy?

• A pecentage of increase from one year to the next

• All economic decisions are made by the government

• level of wealth and material comfort a country has

• raw material from the earth

What is bartering?

• skill, knowledge and education of workers

• factories, machines, and technology

• one's own country

• Trading without using money

What is a Market economy?

• trading without using money

• raw materials from the earth

• development of an increasingly worldwide economy

• economic decisions are made based on the changes in prices that occur as buyers and sellers interact in the marketplace

What is a Mixed Economy?

• factories, machines, and technology

• someone who has an idea for a good or service and takes the risk to produse it

• an economy that is between a command and market

• level of wealth and material comfort a country has

What are Natrual Resources?

• factories, machines, and technology

• skills, knowldege, and education of workers

• raw materials from the earth

• voluntary exchange of goods and services among people and countries

What is specialization?

• one's own country

• all economic decisions are made by the government

• occurs when a country focuses on producing the goods and servers they can make best and trading for what they can't produce

• trading without using money

What is one fact about a monarchy?

• King or Queen rules

• Taken by force

• Right is held by a person or group

• Government overlaps

What are some FACTS about a Dictatorship

• A Taken by force

• Dictator has all the power over the citizens

• A person or a small group of people

• Dictatorship