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Grade 7 Social Studies: Economics — Markets, Entrepreneurship & Institutions

Grade 7 • Social Studies • 10 minute practice

Name
Date
1.
What is a market?
2.
What is an entrepreneur?
3.
What is an incentive?
4.
What are institutions in economics (intro)?
5.
What are property rights (intro)?
6.
How can clear rules help markets?
7.
Give one example of a market institution.
8.
What is risk for an entrepreneur?
9.
What is a market?
10.
What is an entrepreneur?
11.
What is an incentive?
12.
What are institutions (intro)?

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