Economics Vocabulary
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Other
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6th Grade
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Easy
Hafiza Khan
Used 2+ times
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13 questions
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1.
FLASHCARD QUESTION
Front
What is economics?
Back
The process or system of goods/services that sold, bought, and produced in an area.
2.
FLASHCARD QUESTION
Front
The amount of something that is available and ready to be sold.
Back
supply
3.
FLASHCARD QUESTION
Front
The __________ was for water so great that the shelves were empty.
Back
demand
4.
FLASHCARD QUESTION
Front
Demand
Back
How badly people want a good or service.
5.
FLASHCARD QUESTION
Front
Someone who takes the risk to start and organize a business.
Back
entrepreneur
6.
FLASHCARD QUESTION
Front
An item or service that is to be sold to consumers is called a _________.
Back
product
7.
FLASHCARD QUESTION
Front
What does income mean?
Back
The amount of money made from a business or job.
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