Econimocs Flashcards

1
Q

is a way in sorcity work together

A

Economics Systems

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2
Q

is the simplest type there is no government

A

Market Economy

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3
Q

also known socialist or communist system

A

Command Economy

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4
Q

is a common system in many developed countries

A

Mixed Economy

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5
Q

Government owns / regulates all aspects of the economic systems

A

Communism

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6
Q

people who work to produce a good or services

A

Human resources

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7
Q

the limited supply of something

A

Scatriy

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8
Q

supply is the amount of goods available and demands

A

supply and demand

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9
Q

goods are objects that staficy people what and services are want we want

A

good and services

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10
Q

Government who owns regulates some parts of the economy system

A

socialms

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11
Q

is the simplest type there is no government

A

Traditional economics

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12
Q

individuals and private business own everything and makes economics diced

A

capitalism

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13
Q

comad economics also know as a socialist or communist

A

command econimecs

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