6th Grade Flashcard

Front

Renewable resources are

Back

Natural resources that can be replenished naturally.

Front

Non Renewable Resources are...

Back

Natural resources that are limited in supply and cannot be replaced quickly.

Front

Economic systems are..

Back

frameworks that govern the production, distribution, and consumption of goods and services.

Front

Command Economies are...

Back

economic systems where the government controls production and distribution

Front

Market Economies are...

Back

Market Economies are economic systems based on supply and demand.

Front

Economies where people do jobs that are passed down from fathers or mothers like fishing, hunting, and farming are called _______________ Economy. Market, Traditional, or Command

Back

Traditional

Front

Mixed Economies are...

Back

Mixed Economies are economic systems that incorporate both private and public sector elements.

Front

GDP is Gross Domestic Product, that measures...

Back

the economic performance of a country.

Front

People use standard of living to...

Back

evaluate economic well-being and quality of life

Front

Productivity is measured by...
Options: output (thing sold) of economies, number of employees involved, time taken to complete tasks, total input used

Back

output (thing sold) of economies