The price will decrease.
They followed a migrating herd of animals.
barter
demand
transportation
food, clothing, shelter
The business sets the price high enough that it can pay for its costs and still have money left over.
want
demand
technology
iron and coal
free enterprise system
Railroads were built across the country.
Regions produce different goods depending on the climate and resources of that region. Because they can't produce everything, they must depend on other regions to get other goods that they need.
communication
Gold was discovered.
opportunity cost
producer
People moved to the cities to find work.
Industries grew.
Industries grew, people moved to the cities, and railroads were built across the country.
economy
the basketball
They wanted to find more land.
The price will increase.
Name the 3 changes that happened in the late 1800s.
When citizens have the right to produce any goods or services they want, it is called a _____.
Why did the earliest Americans come to North America?
The amount of an item that consumers are willing to buy at different prices is called _______.
What you give up when you choose one thing over another is ______________.
The resources of a country, state, region, or community and how those resources are managed is called a(n) ______________.
In the 1800s, why did many settlers move west?
If the demand for a product is low, and there is a large supply, what will happen to the price?
What did the rapid growth of industries cause people to do?
A person who makes goods or products to sell for a profit is a _________.
The amount of an item that consumers are willing to buy at different prices is called ______.
If you choose to buy a soccer ball instead of a basketball, what is your opportunity cost?
The moving of goods, people, or animals from one place to another is ______.
Is a new toy a need or a want?
Because America was rich in iron and coal, what happened to industries?
What basic needs did most people trade for?
What does a business do to make sure it makes a profit?
In the late 1800s, what was built that helped transportation?
The way people send and receive information is _____.
How do climate and resources cause regions to be economically interdependent?
Putting scientific knowledge to practical use is ______.
To trade goods and services you have for those you need is to _______.
What 2 resources were the most important in the industrial growth of the United States?
Why did many settlers move to California in 1848?
If the demand for a product is high, and the supply is low, what will happen to the price?
