Economics Flashcards

1
Q

it is not a country with an abundance of all resources

A

economics system

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2
Q

an area with sate rules

A

traditional economics

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3
Q

a capitalist economic systems when it individuals

A

market economy

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4
Q

a sciaslitor conmunils

A

command economy

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5
Q

a system in many developer countries

A

mixed economy

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6
Q

capitalism

A

communism

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7
Q

government owns/regulates some parts of the economy

A

socialism

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8
Q

people who work/ provides work service

A

human resources

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9
Q

individuals and private businesses own everything and make economic decisions

A

capitalism

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10
Q

within territory

A

scarcity

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11
Q

every country has a system

A

goods and services

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12
Q

you have to do whatever the king or queen say to do

A

supply and demand

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