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economics Matching
What is a Command Economy?
System in which the goverment makes the economic decisions and owns most of the property.
What is productive Resources?
Term referring to natural reasources, labor/human, and capitol resources.
What are Wages?
An amount paid to an individual for services provided.
What is a Labor Resource?
People who work.
What is a Consumer?
Anyone who uses goods and services.
What are Goods?
Things or Items we use that are produced.
What is a Capitol Resource?
Goods used to make other goods or provide a service.
What is a Natural Resource?
Resources that are found in the enviorment.
What is a Economic system?
System of Organizing wealth and resources.
What is a Renewable Resource?
Resources thet can be replenished naturally.
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