{"id":672,"date":"2019-01-21T15:17:24","date_gmt":"2019-01-21T20:17:24","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/biggars\/?p=672"},"modified":"2019-01-21T15:17:24","modified_gmt":"2019-01-21T20:17:24","slug":"econ-chapter-1-1-vocab","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/biggars\/2019\/01\/21\/econ-chapter-1-1-vocab\/","title":{"rendered":"Econ Chapter 1.1 Vocab"},"content":{"rendered":"<p><strong><a href=\"https:\/\/quizlet.com\/_5y6s0n\">https:\/\/quizlet.com\/_5y6s0n<\/a><\/strong><\/p>\n<p><strong>Economics Vocab \u2014 Chapter 1.1<\/strong><\/p>\n<p>1. economics: dealing with more wants and less resources<\/p>\n<p>2. scarcity: little or few resources<\/p>\n<p>3. need: required for basic survival<\/p>\n<p>4. want: something we like but don\u2019t need<\/p>\n<p>5. land: natural places<\/p>\n<p>6. capital: tools, equipment, and factories used to produce goods<\/p>\n<p>7. labor: work\/production<\/p>\n<p>8. entrepreneur: someone who starts a business<\/p>\n<p>9. Gross Domestic Product (GDP):dollar value of a country\u2019s goods and services within 1 year<\/p>\n<p>10. community: area or group of people<\/p>\n<p>11. satisfied: happy with what you have<\/p>\n<p>12. resource: something that\u2019s available for use<\/p>\n<p>13. produce: to make<\/p>\n<p>14. equipment: helps do work<\/p>\n<p>15. skills: abilities\/what you can do<\/p>\n<p>16. economy: the way money is made and used<\/p>\n<p>17. employee: a person who works for money<\/p>\n<p>18. employer: the business who hires workers<\/p>\n<p>19. analysis: a deep study of something<\/p>\n<p>20. explanation: to teach or make known<\/p>\n<p>21. prediction: to think ahead<\/p>\n<p>22. income: money that is made by a person<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/quizlet.com\/_5y6s0n Economics Vocab \u2014 Chapter 1.1 1. economics: dealing with more wants and less resources 2. scarcity: little or few resources 3. need: required for basic survival 4. want: something we like but don\u2019t need 5. land: natural places 6. capital: tools, equipment, and factories used to produce goods 7. labor: work\/production 8. entrepreneur: someone [&hellip;]<\/p>\n","protected":false},"author":2107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-672","post","type-post","status-publish","format-standard","hentry","category-econ"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/users\/2107"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/comments?post=672"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/672\/revisions"}],"predecessor-version":[{"id":673,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/672\/revisions\/673"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/media?parent=672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/categories?post=672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/tags?post=672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}