6th grade economics

Businesses owned by the government. Ex: public schools, police department, etc...

a government owned business

an economy where private citizens or groups of citizens own buinesses

Total value of all the goods and services produced within the borders of a nation in a year.

The products, items, and machines a business needs to run & succeed. Ex:machines, computers

All of these are trade barriers except

Easiest way to make an A on this test?

Something people exchange for goods or services. Ex: Dollar, Euro, Peso

Economy where some businesses are government owned and others are privately owned by citizens.

Businesses owned by citizens. Ex: Walmart, Kroger, Target, McDonald's, etc.

a tax that the government puts on imported or exported goods.

an economy where the country owns all business and resources

large farms that uses advanced technology and produces goods sold in a market are

a business owned by a citizen or a group of citizens

A person who organizes and manages a business.

economy where the supply and demand drives what to produce, how to produce it and for whom.

economy where the supply and demand drives what to produce, how to produce it and for whom.

A person who has skills for a job; a worker or employee. Ex: carpenter, factory worker, waiter.

Economy where the government says what to produce, how to produce it and for whom.

Limit on the amount of products allowed to be traded from other countries.