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Economic System

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Economics   show
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show Exchanging one good or services for another  
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Capitalism   show
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show How much people have  
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Demand   show
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GDP   show
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show level of comfort in every day life  
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show The percentage of people in a country who can read and write  
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Specialization   show
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show Money  
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Exchange Rate   show
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show Describes a market where buyers and sellers have the right to sell buy products or refuse to if they so choose  
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show 1. What to produce ? 2. How to produce ? 3. For whom to produce ?  
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market economy   show
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show Government decides what goods are made and how they will be made.  
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mixed economy   show
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show Based on customs and traditions  
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show 1. a supply of people who can produce goods and services. 2. can be improved by training, education and healthcare.  
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capital goods   show
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natural resources   show
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entrepreneur   show
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tariffs   show
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show limit on particular product  
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show bans trading for political reasons  
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European Union( EU )   show
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show currency  
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2 example of capital goods   show
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3 ways to invest in human capital   show
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Created by: Diya17
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