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economy

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Question
Answer
Definition of Economics   show
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show All members of the economy, no money profits  
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An economic system must answer three basis questions. What are they?   show
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show a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned  
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Definition of bartering   show
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What is capitalism?   show
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show 0  
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Definition of a market economy.   show
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show Quantity of a product or service in market and available for purchase  
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show the desire to purchase with power to do so  
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What is tariff?   show
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What is an embargo?   show
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People who perform labor, invest by training and education   show
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Items that people need to perform their jobs   show
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show Nature resources  
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show Entrepreneur  
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The total amount of final goods and services in a certain country per year   show
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How well off people live, their education status and their living status   show
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show Specialization  
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show Opportunity cost  
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show is the ability to "read, write, spell, listen, and speak  
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What are two examples of capital goods?   show
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What are two examples of a natural resource?   show
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What are three ways that a country can control trade?   show
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show they restrictions a country has to follow if they want to trade with another country  
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show It is a combination of two economic systems, a command and a market  
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show a limited or fixed number or amount of people or things, in particular.  
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Created by: Butterscotch890
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