There are a lot of terms that are used regularly when it comes to economics and students are expected to know them by heart and use them when they go to practice in the different sectors, they will land in. Do you think you can pass this vocabulary quiz? Give it a shot and get to find out. All the best!
Producer
Consumer
Capitalist
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Producer
Entrepreneur
Consumer
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Capital
Product possibilities
Factors of production
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Productivity
Marginal
Interest
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Market system
Captialism
Communism
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Efficiency
Market system
Allocation
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Efficiency
Labor
Opportunity cost
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Capitalism
Command system
Communism
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Efficiency
Division of labor
Factors of production
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Capitalism
Allocation
Free enterprise
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Marginal
Efficiency
Opportunity cost
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Allocation
Factors of production
Product possibilities
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Capitalism
Communism
Market system
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Interest
Productivity
Marginal
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Land
Capital
Factors of production
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Interest
Productivity
Marginal
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Market system
Communism
Command system
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Factors of production
Capital
Land
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Free enterprise
Communism
Market system
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