economics Flashcards
An economic system based on beliefs/religion, mainly hunting/fishing
Traditional economy
the government controls all economy and production
Command economy/socialism
the companies own all economy without government intervention
Market-driven economy/capitalism
A melting pot of all economies together.
Mixed economy
trading without money
bartering
more consumers=higher price
supply/demand
companies compete without government intervention
free enterprise
Government body chooses how everything will go, it is “planned”
centrally planned economic system
mostly exports, scarce imports
Neomercantilism
workers own it all
syndicalism
policies and gender-aware economics
Feminist economy
focuses on natural products and pollution-efficient work
green economy
19th century economics reappearing in modern 2000’s
neoliberalism
restricting foreign imports
protectionist
nature and places all owned by the people
georgist
all economy revolving over computing and online selling (ex. bitcoin)
digital economy
an economy only existing in a virtual world (ex. currency in an online game
virtual economics
2 economic sectors in 1 country
dual economy
an economy based on illegality (ex. dark web)
underground economy/black market
an economy without the use of money (NOT bartering)
natural economy
an economy without taxes or monitoring
informal economy
