When there are not enough resources to meet people's wants.

The price of goods and services is usually determined by the laws of supply and ________________.

Which is not a main factor of production?

The shrinking of a business is ______________________.

Which economy is a system in which people grow their own food and make their own goods?

In _____________________ economies individuals and businesses own their factors of production and make economic decisions.

Measures the value of all goods and services produced within a country in a single year.

These countries have strong economies, a high quality of life and usually a high per capita GDP.

People without money can _________ a good or service in exchange for another good or service.

Anything that people will accept as payment for goods and services.

Income that is not spent on immediate wants.

What is the process in which countries are increasingly linked to each other through culture and trade?

This country has the largest influence in the world on global popular culture.

These are laws that limit free trade, to try to protect their country's jobs and industries.