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Definition
| A social institution which satisfies the need for knowledge |
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Definition
| Getting to know the rules of a group |
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Definition
| A social institution which provides spiritual guidance |
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Definition
| The first social institution to which we are included |
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Definition
| a user of goods and services |
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Term
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Definition
| A place where goods are exchanged |
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Term
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Definition
| Government ruled by a king or queen |
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Term
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Definition
| Rules of government that everyone must follow |
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Definition
| Government ruled by a dictator who got power by force |
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Definition
| The freedom to pursue any occupation or job you choose |
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Term
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Definition
| A form of economy where people choose how to make money and how to spend it |
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Term
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Definition
| A system of government in which the power is shared by all the people |
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Definition
| People in the market place who have the same goods and/or services as you that compete for the same customers |
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Term
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Definition
| The money made after all materials and labor are paid for |
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Term
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Definition
| anything that you own (until you decide to sell it) |
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Term
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Definition
| a function of the government ---- makes laws that all people must follow---the government then enforces these laws to insure safety of all people |
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Term
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Definition
| A function of the government---protecting the citizens of the country from outside attack |
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Term
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Definition
| A function of the government---part of the public services that we can not provide for ourselves |
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Term
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Definition
| A group of people outside your family that influence your life and teach you socialization skills |
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Term
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Definition
| help protect people’s rights and ensure that our lives go along in a peaceful orderly way. |
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Term
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Definition
| is anything that can be accepted as payment for a good or service. Think of some examples other than paper and plastic. |
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Term
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Definition
| are desires for goods and services. (Ex: skateboards, phones, designer clothes, candy) |
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Term
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Definition
| are things that we need to survive. (Ex: food, clothing, shelter) |
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Term
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Definition
| are physical products that are bought and/or traded. |
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Term
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Definition
| are works that someone will pay to have done. (Ex: teaching, plumbing, nursing…) |
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Term
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Definition
is a system of trade. one good or service is traded for another instead of using money. |
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Term
Buying and selling in the United States |
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Definition
| is not regulated by the government but there are rules that must be followed to protect our right to what is fair. |
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