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Europe Economy Vocab

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Term
Definition
traditional economy   show
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economic system   show
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command economy   show
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market economy   show
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barterring   show
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show the factories,machinery, technology, that are necessary to sustain a service or industry  
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specialization   show
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literacy rate   show
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standard of living   show
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show any government restriction on international trade  
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quota   show
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embargo   show
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tariff   show
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european union   show
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mixed economy   show
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show common currency of most European union members; those E.U. Nations currently using the euro are referred to collectively as the Eurozone.  
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industry   show
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show the total value of all the goods and services produced in a country in one year.  
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human capital   show
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show someone who starts and runs a business.  
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