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ECONOMICS G9 > ECONOMICS AND SOCIAL SCIENCEs > Flashcards

ECONOMICS AND SOCIAL SCIENCEs Flashcards

1
Q

economics

A

examination of human behavior and practices to efficiently use the scarce resources to supply the unlimited needs of man and achieve mans satisfaction

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2
Q

scarcity

A

permanent condition/natural phenomenon

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3
Q

microeconomics

A

studying the small unit of the economy

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4
Q

macroeconomics

A

study of the behavior of the entire economy

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5
Q

opportunity cost

A

micro

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6
Q

Demand

A

Micro

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7
Q

Supply

A

Micro

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8
Q

Market

A

Micro

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9
Q

Business organization

A

Micro

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10
Q

Economic sectors

A

Macro

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11
Q

Employment

A

Macro

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12
Q

Inflation

A

Macro

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13
Q

National income

A

Macro

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14
Q

Natural Sciences

A

Ethics, biology, chemistry, physics, statistics

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15
Q

Abstract science

A

Mathematics, psychology, history, political science

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16
Q

Social science

A

Sociology, geography

17
Q

Sociology

A

science that studies the composition of society

18
Q

political science

A

study of government structure, functions, responsibilities, and laws

19
Q

physics

A

The study of matter and energy

20
Q

mathematics

A

Science of numbers

21
Q

biology

A

study of living things

22
Q

history

A

science that records the struggle of man

23
Q

chemistry

A

Study the composition of chemicals

24
Q

Ethics

A

Science that deals with the morality of man

25
Q

Statistics

A

Science that concerned with the collection and analysis of numerical facts and data

26
Q

geography

A

Science about the study of physical features of a country

ECONOMICS G9 (4 decks)

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