(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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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
types of money used in the U.S.
coins, currency, & bank deposits
Worldwide markets in which the buying and selling of goods and services by all individuals, nations, and businesses takes place
global economy
an economic system characterized by: govt. ownership of property, central planning, & lack of choice
Command
Economy
a.k.a. "labor" the work or the workers skills, education, talent, or training
human capital
attitudes & behaviors that employers seek in employees
positive attitude & good work ethic
state or local tax paid when a purchase is made
sales tax
county tax on land, buildings, boats, cars, trailers, etc.
property tax
this govt. agency protects consumers from dangerous products
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
examples are the Sherman & Clayton Acts are designed to stop monopolies & promote competition
anti-trust laws
the first step in planning a caree
self-assessment
characteristic of free market economies: where multiple firms and producers in the same industry fight for the same customers
competition
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
a person who risks their capital to start a business
entrepreneur
govt. agency that regulates radio, tv, & internet
govt agency that regulates pollution
16th Amendment
income tax
the point where supply & demand meet; where most buyers & sellers want to buy and sell at
an economic system characterized by: private property, profit motive, competition, consumer sovereignty, choice, & minimum govt. interreference
Free Market
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
govt. agency the enforces anti-trust laws
form of business organization with one owner who takes all the risks and all the profits
proprietorship
private financial institutions that provide capital to businesses and individuals
banks, credit unions, savings & loans, security brokerages
