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Eco Systems Quiz Matching
Mixed Economy
an economic system that has a combinations of government and privetly owned businesses
Embargo
bans on trading another country for political reasons
Capital Goods
items people need to preform their jobs
Currency
money
Quota
number limit on how many items of a particular product can be imported from a particular country
Standard of Living
how well citizens live based on goods, public services, education, health care and jobs
Gross Domestic Product ( GDP )
the value of all of the goods and services produced in a country per year
Opportunity Cost
the value of what is given when a choice is made
Economics
a Social Science that deals with the production, distribution and consumption of goods and services.
Communism
economic, social and political system based on the teaching of Karl Marx.
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