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China Develops a New Economy

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Economy   A system of managing the wealth and resources of a community or region.  
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Agriculture   Farming  
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Commerce   The business of buying and selling or exchanging items.  
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Urbanization   Growth of cities.  
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Chain pump   A pump with containers attached to a loop of chain to lift water and carry it where it is wanted.  
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Harrow   A farm tool used to break up and even out plowed ground.  
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Barge   A long boat with a flat bottom.  
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Currency   The form of money used in a country.  
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Stable Food Supply   When there is enough food produced for everyone.  
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Market Economy   A free economy, where production and prices are based on the interaction of people and business.  
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Command Economy   An economy where the government makes decisions regarding prices and production.  
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Mixed Economy   An economy where government makes some decisions regarding prices and production, and the interaction between people and business also has an effect on prices and production.  
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Tradition Economy   An economy where people produce everything they need.  
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