Economics 1

An economic system in which the government controls all means of production and makes all decisions.

• Mixed

• Command

• Traditional

• Market

An economic system in which means of production and decisions are based on the past.

• Mixed

• Command

• Traditional

• Market

An economic system in which production and decisions are based on supply and demand.

• Mixed

• Command

• Traditional

• Market

A economic system in which there is both government control and private ownership.

• Mixed

• Command

• Traditional

• Market

Goods shipped to other countries for sale.

• Import

• Trade

• Export

• GDP

The worth of a person, based on his/her knowledge and skills, to their country.

• GDP

• Literacy Rate

• Human Capital

• Natural Resources

The percentage of people who can read and write in a country.

• GDP

• Export

• Human Capital

• Literacy Rate

The total amount of goods and services created by a country in a year.

• GPD

• Literacy Rate

• Import

• Export

Items utilized by humans but provided by nature.

• Human Capital

• Literacy Rate

• Natural Resource

• GDP

Items brought into our country to sell.

• Import

• Export

• GDP

• Natural Resource