Economic

Question Answer
Economy Social scientists custom of goods and services
Bartering trade
3 questions answered what to produce how to produce for whom to produce it for
Traditional an economy that never change
Command economy an economy that the government in carg
Market an economy with no government
Capitalism free enterprise market economy
Supply how much you have
Demand how much people want
Mixed economy both government and right
Specialization do what your good at and get pay
Natural resources a resouce that is naturaling
Capital goods man made goods
Human resources workers
Entrepreneur a person who started a bussissue
Literacy rate the amont of people who can read and wright
Standard of living confert in everyday life
GDP gross damasic produce
Tariff stop imported goods
Quota a limit of goods
Embargo stop of trade because the other county treatment
Currency money
Currency exchange the money a county makes

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