Intro to Econ

This type of economy is passed down through family traditions. They learn from their parents. 

• Traditional 
• Market 
• Mixed 
• Command 

Which type of economy has central ownership, the government, and lack of individual choice?

• Market

• Mixed

• Command

• Traditional

Capitalism is in what type of economy?

• Traditional

• Command

• Market

• Authortarian

The amount of money a business makes after its expenses are paid

• profit

• supply

• demand

• scarcity

The buildings, machines, and tools that companies use to make products

• capital resources

• human resources

• natural resources

• entrepreneurs

A person who buys goods and services

• consumer
• entrepreneur
• resource
• currency

How much people want something

• supply
• demand

Something we pay for that we can touch

• goods
• services

People who work to make goods or provide services

• human resources
• capital resources
• natural resources
• entrepreneurs

Something we use from nature

• natural resource
• human resource
• capital resource
• entrepreneur