An economic model which the laws of supply and demand (not government oversight) determine what is produced/consumed and at w

An economic system where the businesses make economic decisions, but the government regulates them to make sure they’re safe/fair. Blending of all modern world economies

An economic system where the government is controlling what goods and services are being produced and distributed. Government makes all business decisionsAn economic system where the businesses make economic decisions, but the government regulates them to make sure they’re safe/fair. Blending of all modern world economies

An economic system where the businesses make economic decisions, but the government regulates them to make sure they’re safe/fair. Blending of all modern world economiesBased on customs and traditions of ancestors. Is historically Based on small scale economies.

An economic system where the government is controlling what goods and services are being produced and distributed. Government makes all business decisions

An economic model which the laws of supply and demand (not government oversight) determine what is produced/consumed and at what cost.

An economic system where the businesses make economic decisions, but the government regulates them to make sure they’re safe/fair. Blending of all modern world economies

An economic system where the government is controlling what goods and services are being produced and distributed. Government makes all business decisions

An economic system where the government is controlling what goods and services are being produced and distributed. Government makes all business decisions

To trade without the exchange of currency

An economic system where the businesses make economic decisions, but the government regulates them to make sure they’re safe/fair. Blending of all modern world economies

Based on customs and traditions of ancestors. Is historically Based on small scale economies.

Producing only what is necessary for personal use/survival

Driving force of a Market Economy

Driving force of a Market Economy

To trade without the exchange of currency

A limit on goods or services entering a country

a system of money in general use in a particular country

Producing only what is necessary for personal use/survival

Driving force of a Market Economy

Based on customs and traditions of ancestors. Is historically Based on small scale economies. Producing only what is necessary for personal use/survival

Producing only what is necessary for personal use/survival

An extra tax placed on an imported good

A limit on goods or services entering a country

Forbidding trade with another country due to political differences

An extra tax placed on an imported goodRefusal to purchase a good/service from a specific company or country

Based on customs and traditions of ancestors. Is historically Based on small scale economies.

a system of money in general use in a particular country

Quota

Tariff

Tariff

Refusal to purchase a good/service from a specific company or countrya system of money in general use in a particular country

Refusal to purchase a good/service from a specific company or country

a system of money in general use in a particular country

a system of money in general use in a particular country

Forbidding trade with another country due to political differences

The converting of one nation's money into an equivalent value/quantity of another nation’s money

The approximate value of one nation’s currency in terms of another country’s currencyAs a verb, to gain financially

As a verb, to gain financially

Gross Domestic Product- total amount of goods and services produced in a country in a given yearThe total amount of goods and services produced in a country in a given year, divided by the population of that country.

Gross Domestic Product- total amount of goods and services produced in a country in a given year

Gross Domestic Product- total amount of goods and services produced in a country in a given yearThe total amount of goods and services produced in a country in a given year, divided by the population of that country.

The total amount of goods and services produced in a country in a given year, divided by the population of that country.

GDP

Man-made item that helps make another product or perform a service

The total amount of goods and services produced in a country in a given year, divided by the population of that country.

A job that provides a service or makes a good.

Capital Resource

Human Resource

The number of people over the age of 15 who can read & write

The number of people over the age of 15 who can read & write

the degree of wealth and material comfort available to a person or community

the degree of wealth and material comfort available to a person or community

The capacity of private citizens to create new business independent of government direction or interventionGifts of nature (naturally occurring)

The capacity of private citizens to create new business independent of government direction or intervention

The capacity of private citizens to create new business independent of government direction or interventionGifts of nature (naturally occurring)

The capacity of private citizens to create new business independent of government direction or intervention

Gifts of nature (naturally occurring)

The capacity of private citizens to create new business independent of government direction or intervention

the process of concentrating on and becoming expert in a particular subject or skill