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Module 6 Lesson 1

QuestionAnswer
The study of how people and countries obtain their needs and wants with limited resources Economics
There is no government involvement in this economy. People trade goods and services on their own. Market Economy
Te government owns most of the capital, goods, and services. The people have little to no say over the economy. Command Economy
Most goods and services are traded privately by the people, but there is some government involvement in this economy. Mixed Economy
The measure of the economy based on the total amount of final goods and services produced in a year. Gross Domestic Product (GDP)
Created by: Rhiana311
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