Economics

Production and consumption of goods through the transfer of money

• economics

• supply

• equalibrium

• demand

The price at which the consumer and producer agree on

• economics

• supply

• equalibrium

• demand

The quantity a producer is willing to make at a certain price

• economics

• supply

• equalibrium

• demand

The quantity a consumer is willing to buy at a certain price

• economics

• supply

• equalibrium

• demand

An individual or group that are willing to purchase a product

• consumer

• supply

• producer

• demand

An individual or group willing to make a product

• consumer

• supply

• producer

• demand

A place where the people use supply and demand to set prices

• Traditional

• Command

• Market

• Mixed Economy

Where the government owns, operates, and controls the economy

• Tradition

• Command

• Market

• Mixed Economy

People provide their own food and products, usually based on farming or hunting and gathering

• Traditional

• Command

• Market

• Mixed Economy

An economy that has both market and command characteristics

• Traditional

• Command

• Market

• Mixed Economy