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Unit 2 Study Stack..

Vocabulary

QuestionAnswer
Settlement a small community.
Migration the movement of peoples within a country or region.
Natural Resources a material on or in the earth, such as a tree, fish, or coal, that has economic value.
Command Economy a type of econo9omic system in which production of goods and services is determined by a central government, which usually owns the means of production. Also called a planned economy.
Traditional Economy goods and services are traded wihtout exchanging money. Also called "barter."
Market Economy a type of economic system in which production of goods and service3s is determined by the demand from consumers. Also called a demand economy.
Created by: MsThib
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