Worksheets3 ESO Economy
Total questions: 43
Worksheet time: 23mins
It's purpose is to meet human material needs through the production of goods and services.
Cost of living
Capital
Factors of production
Economic Activity
Is a socioeconomic system based on the three factors such as private ownership, invest or capital and free market.
Capitalism
The central planning system
Factors of production
Economic Activity
Are the resources involved in producing goods and services. These are: natural resources, capital and labour.
Capitalism
The central planning system
Factors of production
Economic Activity
A Market Economy is based on?
Goods and Services
Goods and Products
Supply and Demand
Service
Needs are required to live.
true
false
Bartering is the exchange of goods and services between two or more parties without the use of money.
true
false
Is the payment which employees receive for their job or work.
Capital
Wage or Salary
Labour
Is a concept that can be carried out through the use of different types of technology, tools and machines.
Capital
Wage or salary
Labour
Increase means:
More
Less
Which of the following is an example of a service?
Toys
Car
Computer
Medical Check-Up
Consumers buy products, which greatly influences this type of economy__________.
mixed
market
command
Economic based system that relies on customs, history and time-honored beliefs also guides economic decisions such as production and distribution.
mixed economy system
traditional based economic system
authority: central planning system
capitalism and free market system
Which type of economic system is people making and growing their own food?
Traditional
Command
Market
Competition between businesses is an example of what economic system?
Traditional
Command
Market
Tertiary sector activities
Mining and construction
Business and agriculture
Technology and industry
Tourism and healthcare
What economic activity does the Tertiary Sector offer?
Obtains materials (minerals, food, wood...) for industry.
Transforms raw materials into manufactured goods.
Constructs houses and infrastructures for the population.
Offers services (health, education, leisure, safety) to the citizens.
What is unlimited and endless in economics?
resources
raw materials and labor
needs and wants
goods and services
Which economic sector this activity belongs to?
Primary
Tertiary
Secondary
Construction
which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?
secondary
primary
tertiary
linear
The dairy farmer MILKING the COWS is...
production
distribution
consumption
economics
The truck delivering dairy products to the grocery store is...
production
distribution
consumption
economics
You, at home, drinking the milk with cookies is...
production
distribution
consumption
economics
all the land, possessions, and money people own
Common Land
Enclosure movement
Estate
Private Property
the part of Capitalism that naturally made for low prices and high quality
Competition
Government control
Guilds
Fixed wealth
A Market Economy is based on?
Goods and Services
Goods and Products
Supply and Demand
Service
A ______________ economy is guided primarily by custom, habit, and ritual.
Traditional
Planned/command
Mixed
Free Market
Includes all the activities that produce intangible goods and services.
secondary
primary
tertiary
linear
Products that consumers want to buy
supply
demand
price
consumer
Involves activities related to obtaining natural resources for manufacturing of food.
secondary
primary
tertiary
linear
A _________ economy is a market-based system in which the government is involved to some extent.
Traditional
Planned/command
Mixed
Free Market
Regulates the production of goods and services
mixed economy
free market
authority
traditional
Products available in the market.
supply
demand
price
consumer
Value assigned to a good or service, it is fixed by supply and demand
supply
demand
price
consumer
Decisions are made by an authority: the state
mixed economy system
traditional based economic system
authority: central planning system
capitalism and free market system
Involves manufacturing raw materials and producing capital goods.
secondary
primary
tertiary
linear
