Economics of Europe

Economy based on both supply and demand and the government influence how resources are used to make goods and services.

• Market Economy

• Command Economy

• Mixed Economy

• Command Economy

Economy based on supply and demand, what people want to buy and sell.

• Traditional Economy

• Market Economy

• Command Economy

• Mixed Economy

Ability to read

• Literacy

• Literacy Rate

• Dyslexia

• Letters

How a country decides to produce, distribute and consume its natural resources.

• Command Economy

• Market Economy

• Traditional Economy

• Economic System

The percentage of adults who can read and write.

• Currency

• Rate of return

• Literacy rate

• Speed of reading

an individual who undertakes the creation, organization, and ownership of an innovative business with the potential for growth

• Enterprise

• Entrepreneur

• Entrepreneurship

• entrance

Man made materials (Factories, Machines and Technology)

• Natural resources

• Human goods

• Human resources

• Capital goods

Raw materials from nature.

• Human capital

• Capital goods

• Human Resources

• Natural resources

Economy based on stick governmental control and regulations. Opposite of Market Economy.

• Command Economy

• Mixed Economy

• Market Economy-

• Traditional Economy

Economy based on customs and traditions passed down from generation to generation. The oldest type of economy. People use only what they need.

• Economic System

• Traditional Economy

• Market Economy-

• Mixed Economy