economics vocab Word Scramble
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| Question | Answer |
| economic system | system of organized wealth and resources |
| traditional economy | decitions are made based on how things have been done in the past |
| command economy | the goverment makes the economic decitions and owns most of the property |
| market economy | resources are owned by private citzens and economic answerscome from the citizens participating in the economy |
| productive resources | natural resources, labor/human resources, and capital resources |
| renewable resource | resources that can be replaced naturally |
| non renewable resources | resources that can be depleated from the enviroment |
| other names for market economy | capitalism, free market system, laissez faire |
Created by:
pruden
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