Who are the people or companies that make, grow, or supply goods for sale?
SOL 11a Economics Vocab Flashcard

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Social Studies
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8th Grade
•
Medium
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13 questions
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1.
FLASHCARD QUESTION
Front
Back
Producers
2.
FLASHCARD QUESTION
Front
What are materials that exist naturally and can be used for economic gain?
Back
Natural Resources
3.
FLASHCARD QUESTION
Front
What term describes people who make up the workforce to produce goods and services?
Back
Human Resources
4.
FLASHCARD QUESTION
Front
What are land, buildings, and equipment used to produce goods and services called?
Back
Capital Resources
5.
FLASHCARD QUESTION
Front
Who are the people that take the risk of production to earn a profit?
Back
Entrepreneurs
6.
FLASHCARD QUESTION
Front
What is the incentive or desire to work or form a business to gain profit or make financial gains?
Back
Profit Motive
7.
FLASHCARD QUESTION
Front
What term describes when there is not enough of something for the people who need or want it?
Back
Scarcity
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