Lesson 5 Flashcards by Y. Laurent | Brainscape

Q

Economic goods

A

scarce goods

e.g. oil

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Free goods

A

abundant goods

e.g. air

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Economic agents

A

Households

Firms (businesses)

Government

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Capital

A

any made made, non human aid to production

e.g. machines in factories

How well did you know this?

1

Not at all

2

3

4

5

Perfectly