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social studies

help me in social studies

QuestionAnswer
scarcity indaequate supply of resources not enough resources
goods items or things we usethat are produced
services a job done for someone else
economy the careful management of producing distrubuting and consuming wealth and resources
natural resources these are found in the enviornment
market anywhere goods are sold or traded
capital resources goods used to make other goods or provide a service
wages amount paid to an individual for providing service
consumer one who uses goods or services
labor resource people who work
econamic syestem system of organizing wealth and resources
traditional econamy descions made on based how things were done in the past
command economy the goverment makes the economy desions and own most of the property
MARKET ECONOMY RESOURCES BY PRIVATE CITIZENS AND ANSWERS COME FROM CITENZINS
PRODUCTIVE ECONOMY NATURAL RESOURCES,LABOR AND CAPITAL
RENEWABLE CAN BE MADE AGAIN
NON RENEWABLE these resources do not come again
OTHER NAMESS FOR MARKET SYSTEM CAPITISIALM
Created by: kingstar4455
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