Illustrated Dictionary of Economic Terms
Illustrated Economics Dictionary
SS7E5 The student will analyze different economic systems.
List of Economic Terms:
|Capital goods (capital resources) |Mixed economy |
|Command economy |Specialization |
|Currency |Standard of Living |
|Distribution |OPEC |
|Economic system |Quota |
|Economics |Tariff |
|Embargo |Trade barriers |
|Entrepreneurship |Traditional economy |
|Exchange rate |Voluntary trade |
|Export |Scarcity |
|Gross Domestic Product (GDP) |Consumer |
|Human capital (human resources) |Producer |
|Import |Goods |
|International Trade |Services |
|Market economy |Literacy Rate |
DIRECTIONS:
1. Use several of unlined pieces of paper. You may use the front and back of each piece of paper.
2. The first page should be a colorful and illustrated TITLE PAGE with your name on it.
3. EACH PAGE should be divided equally in half. There should be 2 terms on each page – one term in each half.
4. Write a complete definition under each term.
5. Draw a picture and a sentence below each term’s definition. You may not copy and paste the images I’ve provided in the Visual Dictionary. To do so will result in loss of points.
AGAIN: two vocabulary words, two definitions, two pictures and two sentences per page!
Traditional Economy
Definition: write the definition here
*Write sentence here
Voluntary Trade
Definition: write the definition here
*Write sentence here
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