entrepreneura personwho riskstheir capitalto start abusinesscoins,currency,& bankdepositstypes ofmoneyused inthe U.S.competitioncharacteristic of freemarket economies:where multiple firmsand producers in thesame industry fightfor the samecustomersgovt agencythatregulatespollutionFreeMarketan economic systemcharacterized by:private property, profitmotive, competition,consumer sovereignty,choice, & minimumgovt. interreferencesalestaxstate or localtax paidwhen apurchase ismadethis govt.agency protectsconsumers fromdangerousproductsglobaleconomyWorldwide markets inwhich the buying andselling of goods andservices by allindividuals, nations,and businesses takesplaceCommandEconomyan economicsystemcharacterized by:govt. ownership ofproperty, centralplanning, & lack ofchoicegovt. agencythe enforcesanti-trustlawshumancapitala.k.a. "labor" thework or theworkers skills,education,talent, or trainingbanks, creditunions,savings &loans, securitybrokeragesprivate financialinstitutions thatprovide capitalto businessesand individualsself-assessmentthe firststep inplanning acareepropertytaxcounty taxon land,buildings,boats, cars,trailers, etc.the point wheresupply & demandmeet; where mostbuyers & sellerswant to buy andsell atgovt. agencythatregulatesradio, tv, &internetscarcitythe inability to satisfyall wants at the sametime. All resourcesand goods arelimited. Limitedgoods and resourcesrequire that choicesbe madeResources, goods andservices, and money flowcontinuously amonghouseholds, businesses,and markets; resources,goods, & services flow inone direction & moneygoes in the oppositedirection positiveattitude &good workethicattitudes &behaviors thatemployersseek inemployeesanti-trustlawsexamples are theSherman &Clayton Acts aredesigned to stopmonopolies &promotecompetitionproprietorshipform of businessorganization withone owner whotakes all the risksand all the profitscorporationbusiness organizationthat is authorized bylaw to act as a legalentity regardless of thenumber of owners.Owners share theprofits. Owner liabilityis limited to the amountof their investmentincometax16thAmendmentMixedEconomythe most commoneconomic system, govt.involvement in theeconomy is greater than afree market but less than acommand economy, thegovt. is the decision makerin the public sector of theeconomy.entrepreneura personwho riskstheir capitalto start abusinesscoins,currency,& bankdepositstypes ofmoneyused inthe U.S.competitioncharacteristic of freemarket economies:where multiple firmsand producers in thesame industry fightfor the samecustomersgovt agencythatregulatespollutionFreeMarketan economic systemcharacterized by:private property, profitmotive, competition,consumer sovereignty,choice, & minimumgovt. interreferencesalestaxstate or localtax paidwhen apurchase ismadethis govt.agency protectsconsumers fromdangerousproductsglobaleconomyWorldwide markets inwhich the buying andselling of goods andservices by allindividuals, nations,and businesses takesplaceCommandEconomyan economicsystemcharacterized by:govt. ownership ofproperty, centralplanning, & lack ofchoicegovt. agencythe enforcesanti-trustlawshumancapitala.k.a. "labor" thework or theworkers skills,education,talent, or trainingbanks, creditunions,savings &loans, securitybrokeragesprivate financialinstitutions thatprovide capitalto businessesand individualsself-assessmentthe firststep inplanning acareepropertytaxcounty taxon land,buildings,boats, cars,trailers, etc.the point wheresupply & demandmeet; where mostbuyers & sellerswant to buy andsell atgovt. agencythatregulatesradio, tv, &internetscarcitythe inability to satisfyall wants at the sametime. All resourcesand goods arelimited. Limitedgoods and resourcesrequire that choicesbe madeResources, goods andservices, and money flowcontinuously amonghouseholds, businesses,and markets; resources,goods, & services flow inone direction & moneygoes in the oppositedirectionpositiveattitude &good workethicattitudes &behaviors thatemployersseek inemployeesanti-trustlawsexamples are theSherman &Clayton Acts aredesigned to stopmonopolies &promotecompetitionproprietorshipform of businessorganization withone owner whotakes all the risksand all the profitscorporationbusiness organizationthat is authorized bylaw to act as a legalentity regardless of thenumber of owners.Owners share theprofits. Owner liabilityis limited to the amountof their investmentincometax16thAmendmentMixedEconomythe most commoneconomic system, govt.involvement in theeconomy is greater than afree market but less than acommand economy, thegovt. is the decision makerin the public sector of theeconomy.

Economics SOL Review - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. a person who risks their capital to start a business
    entrepreneur
  2. types of money used in the U.S.
    coins, currency, & bank deposits
  3. characteristic of free market economies: where multiple firms and producers in the same industry fight for the same customers
    competition
  4. govt agency that regulates pollution
  5. an economic system characterized by: private property, profit motive, competition, consumer sovereignty, choice, & minimum govt. interreference
    Free Market
  6. state or local tax paid when a purchase is made
    sales tax
  7. this govt. agency protects consumers from dangerous products
  8. Worldwide markets in which the buying and selling of goods and services by all individuals, nations, and businesses takes place
    global economy
  9. an economic system characterized by: govt. ownership of property, central planning, & lack of choice
    Command Economy
  10. govt. agency the enforces anti-trust laws
  11. a.k.a. "labor" the work or the workers skills, education, talent, or training
    human capital
  12. private financial institutions that provide capital to businesses and individuals
    banks, credit unions, savings & loans, security brokerages
  13. the first step in planning a caree
    self-assessment
  14. county tax on land, buildings, boats, cars, trailers, etc.
    property tax
  15. the point where supply & demand meet; where most buyers & sellers want to buy and sell at
  16. govt. agency that regulates radio, tv, & internet
  17. the inability to satisfy all wants at the same time. All resources and goods are limited. Limited goods and resources require that choices be made
    scarcity
  18. Resources, goods and services, and money flow continuously among households, businesses, and markets; resources, goods, & services flow in one direction & money goes in the opposite direction
  19. attitudes & behaviors that employers seek in employees
    positive attitude & good work ethic
  20. examples are the Sherman & Clayton Acts are designed to stop monopolies & promote competition
    anti-trust laws
  21. form of business organization with one owner who takes all the risks and all the profits
    proprietorship
  22. business organization that is authorized by law to act as a legal entity regardless of the number of owners. Owners share the profits. Owner liability is limited to the amount of their investment
    corporation
  23. 16th Amendment
    income tax
  24. the most common economic system, govt. involvement in the economy is greater than a free market but less than a command economy, the govt. is the decision maker in the public sector of the economy.
    Mixed Economy