Ancient Egypt and Economic Concepts

Flashcards covering key concepts about Ancient Egypt and basic economic concepts.

What is hieroglyphics?

The written language of ancient Egypt.

What plant did ancient Egyptians use to make paper?

Papyrus.

What are pyramids?

Famous architectural structures built by the ancient Egyptians.

What is the Nile River known for?

The longest river in the world, providing fertile soil for farming.

What technology did ancient Egyptians create to help with farming?

Irrigation systems.

Which mountain range separates the Mediterranean Sea from the Sahara Desert?

The Atlas Mountains.

What is the Sahara Desert?

A large desert that covers most of the land in North Africa.

What are some inventions of ancient Egypt?

Paper (from papyrus), 365-day calendar, and the clock.

What was the economy of ancient Egypt based on?

Farming, fishing, making crafts, and trading along the Mediterranean coast.

What are goods in economic terms?

Things that satisfy people's wants (physical objects).

Define services in economics.

Activities that satisfy people's wants (actions).

What are human resources?

People working to produce goods and services (e.g., farmers, construction workers).

What are natural resources?

Materials that come directly from nature (e.g., water, soil, wood, coal).

What are capital resources?

Goods made by people and used to produce other goods and services (e.g., tools, computers, buildings).

What does specialization mean in economics?

When people or regions focus on producing only certain goods and services.

What is interdependence in economic terms?

Depending on others for the goods and services you cannot produce yourself.

What is an economic choice?

The decision made from a set of options.

What is opportunity cost?

The next best choice that is given up when making a decision.