Duplicate of Economic Systems

System in which private individuals own property and are motivated by profit. 

Economic system associated with communism.

The desire for the product.

Economic system also known as a barter system.

System in which the government owns resources and decides what should be made.

An economic system in which the government makes some rules 

The benefit you give up by choosing one thing over another.

Economic system in which profit motivates producers to develop new things.

Economic system in which competition determines the price and increases quality of the goods.

Economic system also known as Centrally Planned.

This economic system is associated with capitalism.

An economic system based on customs and traditions.

Financial gain received by selling something for more than it cost to make.

System in which prices are influenced by supply and demand with no government influence