MONOPOLY CITY

VOCAB

• Opportunity cost- if you buy one property, you may not be able to buy another
• Scarcity-at the end of the game, land is scarce
• Wants- have the most money and land
• Factors of production- you used your own money to buy land and make money
• Goods and services- the bank services you

• Technology - you could buy Wind farms
• Trade off - pay money, get land
• Production Possibilities - there were none
• Economy - the whole game is an economy
• Economic Model - the game itself

• Hypotheses - if you buy land, youll make money
• Values - MONEY
• Economics - reasons why we bought what we bought
• Resource - MONEY
• Generalization - no one wants to live by a prison

• Land- you can buy districts
• Labor - there really is no labor
• Capital - you could buy windfarms which make electricity
• Productivity - if you put more buildings on your land, you mkae more money
• Entrepreneurship - you use your own money to buy land and make profit