economics Flashcards
1
Q
if you want a project it causes the producer to need more parts
A
economic system
2
Q
in traditional systems there’s little to none electronic parts used
A
traditional economy
3
Q
independent people handle businesses
A
market economy
4
Q
single leader decides what to make
A
command economy
5
Q
have both command and capitalized economy
A
mixed economy
6
Q
people lying about politicians
A
communisam
7
Q
a single leader makes all decisions
A
socialism
8
Q
when people independently control a bussiness
A
capitalism
9
Q
when people provide a good or service
A
human resource
10
Q
the limited supply of something
A
scarcity
11
Q
goods are the things people want services is what people recieve
A
goods and services
12
Q
supply is how much someone has and demand is how much wanted
A
supply and demand
