CE 12 Vocabulary
Flashcard
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Other
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7th - 8th Grade
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Easy
Angela Harris
Used 15+ times
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15 questions
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1.
FLASHCARD QUESTION
Front
A business or organization that takes in deposits of money, and uses that money to make loans.
Back
Bank
2.
FLASHCARD QUESTION
Front
Consumers determine through purchases what goods and services will be produced.
Back
Consumer Sovereignty
3.
FLASHCARD QUESTION
Front
Business organization that is authorized by law to act as a legal entity regardless of the number of owners.
Back
Corporation
4.
FLASHCARD QUESTION
Front
A type of bank open only to members of a sponsoring group, such as an employer.
Back
Credit Union, credit union
5.
FLASHCARD QUESTION
Front
The amount of a good or service that consumers are willing and able to buy at different prices
Back
Demand
6.
FLASHCARD QUESTION
Front
A way of visualizing and categorizing activity within an economy that shows the continuous flow goods, services, resources, and money
Back
Circular Flow
7.
FLASHCARD QUESTION
Front
What best describes an entrepreneur?
Back
A person who takes a risk to produce and sell goods and services in search of profit
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