chp. 14 & 15 this is S.S. real stuffing sci. Flashcards
(14 cards)
1
Q
present consequences
A
immediate results of choices
2
Q
future consequences
A
delayed results of choices
3
Q
consequence
A
the natural result of an action
4
Q
cost
A
what you give up as the result of a decision you make
5
Q
benefit
A
is what you gain as a result of decision you make
6
Q
scarcity
A
not enough stuff to make stuff
7
Q
productive resources
A
are the materials and the labor used to make stuff
8
Q
production
A
the act of combining productive resources with entrepreneurship to make stuff
9
Q
consumption
A
the use of good and services
10
Q
human resources
A
talents and skills of entrepreneurs (the people)
11
Q
capital goods
A
human made materials needed to make stuff
12
Q
natural resources
A
resources supplied by nature
13
Q
entrepreneurship
A
someone has a idea 4 a biznez
14
Q
A
