Econimocs Flashcards
is a way in sorcity work together
Economics Systems
is the simplest type there is no government
Market Economy
also known socialist or communist system
Command Economy
is a common system in many developed countries
Mixed Economy
Government owns / regulates all aspects of the economic systems
Communism
people who work to produce a good or services
Human resources
the limited supply of something
Scatriy
supply is the amount of goods available and demands
supply and demand
goods are objects that staficy people what and services are want we want
good and services
Government who owns regulates some parts of the economy system
socialms
is the simplest type there is no government
Traditional economics
individuals and private business own everything and makes economics diced
capitalism
comad economics also know as a socialist or communist
command econimecs