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