Economics Flashcards
1
Q
ECONOMIC SYSTEM
A
how a country or place is doing in making goods, and how much money it has.
2
Q
MARKET ECONOMY
A
one based on supply and demand
3
Q
MIXED ECONOMY
A
economies that have some government ownership and some private ownership
4
Q
COMMUNISM
A
5
Q
HUMAN RESOURCES
A
6
Q
SCARCITY
A
7
Q
SUPPLY AND DEMAND
A
8
Q
GOODS AND SERVICES
A
9
Q
SOCIALISM
A
10
Q
TRADITIONAL ECONOMY
A
11
Q
CAPITALISM
A
12
Q
COMMAND ECONOMY
A
