market economy

If you are free to produce and consume what you wish, what kind of economy is that?

When you give up a benefit to do something else, what is that called?

The ______ is how goods and services are produced and consumed.

If the people can only buy what the government produces, what is that called?

If you cut hair for a living, what are you classified as?

If it costs more to make a product than you can sell it for, that gives you an incentive.

What is another name for supply and demand?

In a command economy, who is the people's employer?

If your parents offer you $100 to cut the grass, what are they doing to get you to do it?

If you buy 100 lbs of flour to make your bread for your restaurant, what are you classified as?

If all the apple trees die where people still want apples, what happens to the price of apples?

If there is too much supply and not enough demand, what happens to prices?

Profit is the financial ____ to sell something for ______ than it costs to make it.

If two companies compete and a better product comes out of it, what is that called?

What is it called when there is not enough to go around?