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Economic liberalism

Chapter 2 Economics Summary

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Economics
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Economy
Economics
Production economics
Economic ideologies
Economic liberalism
Capitalism
Economic systems
Production–possibility frontier
Comparative advantage
Market economy
Socialist economics
Factors of production

AP Economics Chapter 2 Review/Summary Economics deals with choices. In this chapter we have examined more carefully the range of choices in production that must be made in any economy. In particular, we looked at choices involving the allocation of an economy?s factors of production: labor, capital, and natural resources. In addition, in any economy, the level of technology plays a key role in determining how productive the factors of production will be. In a market economy, entrepreneurs organize factors of production and act to introduce technological change.

capitalism

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US History
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Americas
Ethnic groups in Central America
Ethnic groups in Latin America
Ethnic groups in South America
Spanish colonization of the Americas
Economic liberalism
Encomienda
Capitalism
Mestizo
Conquistador
Social Issues
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Americas
Ethnic groups in Latin America
Spanish colonization of the Americas
Spanish West Indies
Conquistador
Slave Trade
Native Americans in the United States
Indigenous peoples of the Americas
Encomienda
Mestizo

Capitalism- An economic system Caravel- A small Spanish sailing vessel Confederacy- A combination of people for unlawful purposes Conquistador- one of the Spanish conquerors Demographic- social statistic of a human population, as the number of births or deaths Ecosystem- Interaction of people in a community Encomienda- the land or village and its inhabitants Inflation ? Rise in general level of prices Matrilineal- inheriting through the female line Mestizo- a person of racially mixed ancestry Middleman- a person who plays an economic role Nation-State- a group of people who feel they share a common nationality Plantation- a large farm or estate Province- parts of a country outside of the capital Columbus- Italian navigator in Spanish service Pizarro- Spanish conqueror of Peru
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