SS
0.0(0)
Studied by 0 people
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/26
There's no tags or description
Looks like no tags are added yet.
Last updated 9:33 PM on 3/6/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
27 Terms
1
New cards
Needs
Essential things for survival, such as food and shelter; contrasted with wants.
2
New cards
Wants
Things that people desire; the opposite of needs.
3
New cards
Single Origin Theory
The theory that all humans originated in Africa and began migrating out about a million years ago.
4
New cards
Factors of Production
Resources—including land, labor, and capital—needed to produce goods and services.
5
New cards
Trade
The exchange of goods and services.
6
New cards
Import
Bringing goods and services into a country from elsewhere.
7
New cards
Export
Sending goods and services to another country from your own.
8
New cards
Economics
The study of how to maximize the use of resources to meet needs and wants.
9
New cards
Bartering
Fulfilling needs and wants by exchanging needed or wanted objects and resources.
10
New cards
Currency
A form of money; a physical object used as a placeholder for something of value.
11
New cards
Silk Road
An ancient network of trade routes central to trade and cultural interaction from Asia to Europe.
12
New cards
Manor
A lord’s estate in feudal Europe.
13
New cards
Serf
A medieval peasant legally bound to live on a lord’s estate.
14
New cards
Three Field System
A farming system in medieval Europe divided into three fields for crop rotation.
15
New cards
Lord
A person in feudal Europe who controlled land and granted estates to vassals.
16
New cards
Vassal
A person who received a grant of land from a lord in exchange for loyalty and services.
17
New cards
Knight
An armored warrior in medieval Europe who fought on horseback.
18
New cards
Fief
An estate granted to a vassal by a lord under the feudal system.
19
New cards
Tithe
A family’s payment of one-tenth of its income to a church.
20
New cards
Guild
A medieval association of people working at the same occupation controlling wages and prices.
21
New cards
Artisan
A skilled worker, such as a weaver or potter, who makes goods by hand.
22
New cards
Commercial Revolution
The expansion of trade and business that transformed European economies during the 1500s and 1600s.
23
New cards
Demesne
The lord’s land that the serfs worked and maintained.
24
New cards
Commerce
The activity of buying and selling on a large scale.
25
New cards
Bills of Exchange
Documents indicating exchange rates between coinage systems.
26
New cards
Letters of Credit
Official letters allowing merchants to withdraw cash or make payments without carrying cash.
27
New cards
Samurai
Members of Japan’s warrior class, who protected aristocratic landowners and practiced the code of Bushido.
