Economics Terms
Flashcard
•
Other
•
5th - 7th Grade
•
Hard
jenny liu
FREE Resource
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14 questions
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1.
FLASHCARD QUESTION
Front
Economics
Back
the study of the production, distribution, and consumption of goods and services
2.
FLASHCARD QUESTION
Front
production
Back
The process of making goods and services
3.
FLASHCARD QUESTION
Front
Distribution
Back
the process of dividing goods and services
4.
FLASHCARD QUESTION
Front
consumption
Back
using goods and services
5.
FLASHCARD QUESTION
Front
resource
Back
anything that can be used to produce something else
6.
FLASHCARD QUESTION
Front
allocation
Back
distribution
7.
FLASHCARD QUESTION
Front
Efficiency
Back
the quality of doing sth well with no waste of time or money
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