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vocabcarson16

review of vocab

QuestionAnswer
inadequate supply of resources [not enough] scarcity
thing or items we use that are produced goods
a job done for someone else services
the careful wealth management of producing distributing and consuming wealth and reasources economy
thes are found in the environment natural resources
anywhere goods are sold or traded market
goods used to make other goods or provide a service capital resources
amound paid to an individual for services provided wages
one who uses good and services consumer
people who work labor resource
system of organizing wealyh and resources economic system
decisions are made based on how things have been done in the past traditinal economy
the goverment makes the economic decisions and owns most of the property command economy
natural recources labor/human resources and capital resources productive resources
resources that can be replenished natrualy resources that can be deplentid from the environment
capitaism free market system laissez-fraire other names for market resources
Created by: prettyponys16
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