Economics Flashcards
1
Q
It’s to make or trade things?
A
Economic System
2
Q
There is no government control?
A
Traditional Economy
3
Q
The market that is made of supply and demand?
A
Market Economy
4
Q
The government owns the businesses and can move resources around?
A
Command Economy
5
Q
Is a common system In many diffent countries?
A
Mixed Economy
6
Q
Government Owns?
A
Communism
7
Q
Individuals own and control businesses?
A
Capitalism
7
Q
A single leader makes all the decisitions?
A
Socialism
8
Q
People who work for a good/service.
A
Human Resources.
9
Q
The limited supply of something?
A
Scarcity
10
Q
SATIFISYS PEOPLE WANTS!!!
A
goods and service
11
Q
Amount of goods avaible
A
Supply and Demand.
