Economy Flashcard

Economy Flashcard

Assessment

Flashcard

Social Studies

7th Grade

Hard

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17 questions

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1.

FLASHCARD QUESTION

Front

Someone who makes / sells goods / services

Back

Producer

2.

FLASHCARD QUESTION

Front

Limited government involvement in the economy

Back

Market Economy

3.

FLASHCARD QUESTION

Front

The way goods and services are produced and consumed

Back

Economy

4.

FLASHCARD QUESTION

Front

Someone who buys goods/services

Back

Consumer

5.

FLASHCARD QUESTION

Front

Money gained by selling something for more than it cost to make

Back

Profit

6.

FLASHCARD QUESTION

Front

The amount of something that is available

Back

Supply

7.

FLASHCARD QUESTION

Front

The number of consumers who want/need something

Back

Demand

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