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ECONOMICS 6 TH GRADE SOCIAL STUDIES.  MAN-MADE THINGS WE USE TO HELP US WORK, LIKE FACTORIES, MACHINES, AND TECHNOLOGIES CAPITAL RESOURCES.

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Presentation on theme: "ECONOMICS 6 TH GRADE SOCIAL STUDIES.  MAN-MADE THINGS WE USE TO HELP US WORK, LIKE FACTORIES, MACHINES, AND TECHNOLOGIES CAPITAL RESOURCES."— Presentation transcript:

1 ECONOMICS 6 TH GRADE SOCIAL STUDIES

2  MAN-MADE THINGS WE USE TO HELP US WORK, LIKE FACTORIES, MACHINES, AND TECHNOLOGIES CAPITAL RESOURCES

3  THE LINKING OF NATIONS THROUGH TRADE, INFORMATION TECHNOLOGIES, AND COMMUNICATION GLOBALIZATION

4  BEING REALLY GOOD AT MAKING ONE OR MORE THINGS. SPECIALIZATION

5  THE VALUE OF WHAT IS GIVEN UP WHEN A CHOICE IS MADE. OPPORTUNITY COST

6  A TAX ON IMPORTED AND EXPORTED GOODS TARRIFF

7  AN EXAMPLE OF A TRADE BARRIER THAT SETS A LIMIT ON THE NUMBER OF A GOOD THAT CAN BE IMPORTED. QUOTA

8  AN OFFICIAL BAN ON TRADE OR OTHER COMMERCIAL ACTIVITY WITH A PARTICULAR COUNTRY. EMBARGO

9  SOMEONE WHO HAS AN IDEA FOR A GOOD OR SERVICE AND TAKES THE RISKS TO PRODUCE IT. ENTREPRENEUR

10  TO COMMIT MONEY OR CAPITAL TO GAIN FINANCIAL RETURN. INVEST

11  COUNTRIES CREATE THEIR OWN CURRENCY TO USE AS MONEY CURRENCY

12  ECONOMISTS USE GDP NUMBERS TO DETERMINE THE STRENGTH OF COUNTRIES’ ECONOMIES AND TO COMPARE THEM. GROSS DOMESTIC PRODUCT (GDP)

13  RECEIVING A GOOD OR SERVICE NOW AND PAYING FOR IT LATER. CREDIT

14  MONEY COMING IN FOR A PERSON OR INTO A BUSINESS INCOME

15  TO USE UP SPENDING

16  INCOME NOT YET SPENT SAVING


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