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Econ Unit 2 Day 1 Review
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This is output divided by input.
Productivity
This is equipment, tools, factories, inventories, and money.
Capital Resources
This can be physical labor or mental activity.
Human Resources
What are land and all other gifts of nature called?
Natural Resources
What is it when goods and services are there when we want them and prices are predicable?
Economic Stability
What is when society provides its less fortunate members with the support that they need to live decently?
Economic Security
What is producing more and better goods and services?
Economic Growth
What is it when society seeks to give all members their "fair share" of thee economic pie (as determined by those in charge)?
Economic Equity
What is when society makes the most of its resources?
Economic Efficiency
What is the ability to make your own economic decisions without interference from the government?
Economic Freedom


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