Economic Systems

Which combination makes a mixed economy?

Supply and demand determine what is produced

Government has total control over what goods are made in what economic system?

Limitations on resources is referred to as

Doing a job in exchange for a product is an example of

Goods are produced in the least costly method in order to get hightest profit

Trading goods without money is referred to as

In this economic system the people have total power in deciding jobs, goods, and services.

There is not much waste because people only take what they need

An example of a scarce resource is