2190109
Description
Flashcards by lizfarlinger, updated more than 1 year ago
|
Created by lizfarlinger
over 9 years ago
|
|
| Question | Answer |
| What is economics? | The study of how people use resources to survive and to satisfy their needs and wants. |
| What are human resources? | people who use their skills to produce a good or service |
| Natural resources | resources from nature and are used in their natural form |
| Capital resources | goods produced and used to make other goods or services |
| What is a cash economy? | In a cash economy, income determines the goods and services a consumer can buy |
| What are values? | Values are what influence our spending habits. We usually will spend more on what is important to us. |
| What influences your values? | Family, friends, work, honesty, self reliance and religion |
Want to create your own Flashcards for free with GoConqr? Learn more.