economics

Question 1

is away that people in a socitey work together or make and trade things.

Answer 1

economic system

Question 2

there is no government control so people do business on their own

Answer 2

traditional economy

Question 3

is when the government or a single leader makes all the decisions.

Answer 3

command economy

Question 4

same as capitalism

Answer 4

market economy

Question 5

is a common system in many developed countries,like the US,Japan,and most of Europe

Answer 5

mixed economy

Question 6

regulates all aspects of the economy

Answer 6

communism

Question 7

regulates some parts of the economy for the benefit of the whole nation

Answer 7

socialism

Question 8

is when individuals own and control business instead of the government

Answer 8

capitalism

Question 9

people who work to produce a good or a service

Answer 9

human resources

Question 10

the limited supply of something

Answer 10

scarcity

Question 11

goods are objects that satisfy peoples wants and services are things people do for the Us that satisfy our wants

Answer 11

goods and services

Question 12

supply is the amount of goods available and demand is how badly people want a good or service

Answer 12

supply and demand