Economic Systems and Daily Life Flashcards
1
Q
income
A
the money a person makes from providing a service or selling goods
2
Q
ownership
A
the right to possess something
3
Q
private property
A
land or goods owned and used by a person
4
Q
public property
A
land or goods owned by the government
5
Q
unemployment
A
the situation of not having a paid job, or the number of potential workers without jobs
