Economics Unit
Flashcard
•
Social Studies
•
6th Grade
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
A factor of production that includes all natural resources.
Back
land
2.
FLASHCARD QUESTION
Front
The four types of resources needed for a business to function.
Back
factors of production
3.
FLASHCARD QUESTION
Front
The work needed to complete a job.
Back
labor
4.
FLASHCARD QUESTION
Front
The tools needed to complete a job.
Back
capital
5.
FLASHCARD QUESTION
Front
Someone who starts their own business.
Back
entrepreneur
6.
FLASHCARD QUESTION
Front
All businesses related to the same type of product.
Back
industry
7.
FLASHCARD QUESTION
Front
A limited supply, or lack of something.
Back
scarcity
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