Families Within The Economic Environment Jeopardy Template

Beginning of Consumerism	Economic Principles	Families in the Economy
100 Services What is a nonmaterial equivalent of a good?	100 Supply What is a quantity of something on hand or available, as for use?	100 Household What is a group of individuals occupying a house, apartment, group of rooms, or single room that is considered a housing unit?
200 Consumerism What is the promotion of the consumers interest?	200 Surplus What is something that remains above what is used or needed?	200 Durable goods What is goods that have a lifespan of 3 years or more?
300 Locally, regionally, nationally and globally In what four ways do families impact the economic systems?	300 Demand What is the quantity of a commodity or service wanted at a specific time?	300 Nondurable goods These items generally last for only a short amount of time (3 years or less).
400 Industrialization What is the adoption of industrial methods of production and manufacturing by a country or group, with all associated changes in lifestyle, transport, and other aspects of society?	400 Accommodate To make, fit, suitable, or congruous; to bring into agreement concord	400 To analyze the impact of household financial management on the economy. Why do we research how families retrieve and spend income?
500 Queen Elizabeth I Industrialization Why did we begin to go from sustainability to an economy focused on an early version of mass production, marketing and distribution?	500 Inflation What is an increase in the supply of currency or credit relative to the availability of goods and services resulting in higher prices?	500 In order to obtain resources needed for the family. Why would a family impact the economy?

Families Within the Economic Environment

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