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QuestionAnswer
manufactured or constructed items that are used to produce goods and services capital goods
detailed economic processes and goals developed by government; usually associated with communist economies central planning
an economic system in which all or many of the means of production and distribution are owned and controlled by the government command economy
a command economic system in which the the government controls the economic system and does not allow private ownership of means of production and distibution communism
the rivalry between two or more businesses to attract scare customer dollars competition
tangible items produced for personal use consumer goods
people who use goods and services to satisfy their wants consumers
the quantity of a good or service that buyers are ready to buy at given price at a particular time demand
the process or activity by which income is divided among recourse owner and producers distribution
the human and natural resources and capital goods used to produce goods and services; also known as factors or production economic resources
the organized way in which a country handles its economic decisions and solves its economic problems economic system
term used to describe consumer approval of products expressed by the purchase of products economic vote
money needed to operate a business financial capital
a country's arrangement for making and enforcing laws government
people who work to produce goods and services human resources
benefits such as free medical care, education, and financial assistance that are provided by government to its citizens human services programs
tangible items that will be consumed by industrial users industrial goods
influencing or relying upon one another interdependent
Created by: user-2014719
 

 



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