economic Flashcards
A system where bartering is how you get what you want
traditional economy
A system where the government controls everything
command economy
A system where the government has no control.
market economy
A system where there are some rules but it is still at least a little free
mixed economy
when people don’t have everything that they need or want due to not having enough resources
scarcity
a system where people trade with what they have to get what they want.
Bartering
When companies compete with each other
free enterprise
make only for a profit or money
Capitalism
government own everything to make the goods
socialism
how much there is of something vs how much people want it this has a direct effect on prices of things
supply and demand
finding, screening, recruiting, and training
Human Resources
