CH 1
Flashcard
•
English
•
University
•
Practice Problem
•
Hard
Botagoz Duisenova
Used 1+ times
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27 questions
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1.
FLASHCARD QUESTION
Front
Benefit
Back
what you enjoy from something
2.
FLASHCARD QUESTION
Front
Capital
Back
Tools and machines used to make goods or services
3.
FLASHCARD QUESTION
Front
Economic model
Back
A simple explantation of how the economy works
4.
FLASHCARD QUESTION
Front
Economics
Back
The study of how people use limited resources
5.
FLASHCARD QUESTION
Front
Efficiency
Back
using resources in the best way
6.
FLASHCARD QUESTION
Front
Entrepreneurship
Back
Organizing land, labor, and capital to start a business
7.
FLASHCARD QUESTION
Front
Factors of production
Back
resources used to make goods and services: land, labor, capital, entrepreneurship
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