Circular Flow of the Economy

Flashcard
•
Business
•
5th Grade
•
Hard
Wayground Content
FREE Resource
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11 questions
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1.
FLASHCARD QUESTION
Front
What are natural resources?
Back
Things that occur naturally in the world and that are used to make goods or provide services
2.
FLASHCARD QUESTION
Front
What is the definition of an entrepreneur?
Back
A person who uses resources to start a business
3.
FLASHCARD QUESTION
Front
What is the meaning of free enterprise?
Back
A system in which economic decisions are made by people and businesses, with little government influence.
4.
FLASHCARD QUESTION
Front
What are goods?
Back
Things people buy and use
5.
FLASHCARD QUESTION
Front
What are services?
Back
Work done for others, such as haircuts, car repairs
6.
FLASHCARD QUESTION
Front
What are consumers?
Back
people who buy and use goods and services
7.
FLASHCARD QUESTION
Front
Define economy
Back
how a country makes and manages good, services, and money
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