European Economy

In this system citizens make only enough goods to survive. They don't deal in currency.

• traditional
• command
• mixed
• market

In this system the government controls the operation of all businesses and services to its citizens.

• command
• mixed
• market
• traditional

In this system the citizens own and operate the businesses and services, the government has little to no control.

• market
• command
• mixed
• tradtional

Most economies on earth can be classified under this system in which the government and citizens share responsibility over the goods and services provided.

• mixed
• command
• market
• traditional

This is the total amount of all profits earned by every business or service in a country in an entire year. Countries use this to measure how well their economy is doing.

• GDP
• tariff
• quota
• embargo

Governments look to use ___________ like lumber, coal, oil, metals, and minerals to improve their GDP.

• entrepreneurs
• natural resources
• capital
• human capital