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Unit 1 Studyguide

Unit Terms

  1. Capitalism
  2. Capital Resources
  3. Capitalism
  4. Central Planners
  5. Command Economics
  6. Competition
  7. Conspicuous Consumption
  8. Consumer
  9. Consumer Good
  10. Customs
  11. Democracy
  12. Dictatorship
  13. Diminishing Returns
  14. Economic Growth
  15. Economic Planners
  16. Economic Resources
  17. Economics
  18. Free Enterprise
  19. Human Resources
  20. Invisible Hand
  21. Manufacturer
  22. Market Economics
  23. Market Economy
  24. Mixed Economy
  25. Natural Resource
  26. Need
  27. Opportunity Cost
  28. Produce
  29. Producer
  30. Production
  31. Production Possibility Graph
  32. Production Possibility Frontier (Curve)
  33. Profit
  34. Profit Motive
  35. Real Cost
  36. Recycle
  37. Resource
  38. Scarcity
  39. Self Interest
  40. Service
  41. Supply and Demand
  42. Technology
  43. Trade-off
  44. Tradition
  45. Traditional economic Systems
  46. Want
  47. X-Axis
  48. Y-Axis
  49. Zero Point

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