Week 25 Vocabulary

An economy in which people are free to start their own businesses or to produce whatever good or service they want.

• Command Economy

• Private Property

• Free Enterprise System

• Market Economy

A free enterprise system in which supply and demand determines goods and services

• Market Economy

• Command Economy

• Currency

• Barter

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

An economy in which the government decides what goods and services can be sold.

• Market Economy

• Private Property

• Currency

• Command Economy

The land or goods that people or companies own.

• Currency

• Barter

• Inflation

• Private Property

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

a country’s money

• Barter

• Inflation

• Income

• Currency

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

to trade goods or services for other goods or services without using money.

• Inflation

• Barter

• Profit

• Income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

A rise in the usual price of many goods and services.

• Supply

• Barter

• Inflation

• Currency

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

The money a business earns after all of its expenses are paid.

• Income

• Profit

• Supply

• Barter

The money a person or business earns for doing a job or providing a good or service.

• Profit

• Supply

• Inflation

• Income

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

The amount of goods or services available for a consumer to buy

• Supply

• Inflation

• Income

• Barter