Econ Flashcards
1
Q
system that realise on history
A
traditional economy
2
Q
where government makes all the decisions
A
command economy
3
Q
where there are prices and product being selled
A
market economy
4
Q
where there are many people running for this part
A
mixed economy
5
Q
barely has any thing
A
scarcity
6
Q
exchanging for something
A
bartering
7
Q
where buisness is private
A
free enterprice
8
Q
a economic system where there is a countries exchange for industry
A
capitalism
9
Q
the movement of social systems
A
socialism
10
Q
the amount of product or service availible
A
supply/demand
11
Q
a personnel buissness or orginization
A
human reasources
12
Q
what are the three basic economic questions
A
what will be produces, how will it be produced, who will consume it
13
Q
in a command economy who makes all the decisions
A
