Economics

Question 1

is away that people in society work together to make and trade things they make

Answer 1

Economics system

Question 2

There is no government control, so people do business on their own

Answer 2

Traditional economy

Question 3

People work for private businesses

Answer 3

Market Economy

Question 4

Also know as a socialist system

Answer 4

Command Economy

Question 5

Is a common system is many developed countries like the US,Japan,and most of europe

Answer 5

Mixed economy

Question 6

Government means owns/regulars all aspects of the economy

Answer 6

Communism

Question 7

Government owns/regulars some parts of economy for benefits of the whole nation

Answer 7

Socialism

Question 8

Indivied and privet businesses own everything and make economy

Answer 8

capitalism

Question 9

People who work to produce a good or service

Answer 9

Human Resources

Question 10

The limited supply of something

Answer 10

Scarcity

Question 11

goods are objects that satisfy people wants and needs

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