Social Studies Economics

when decisions are guided by changes in prices that occur between individual buyers or corps.

A natural gift that can enhance a country's GDP or wellness

A tax on imported goods

a limited supply of something

To ship something out of your country

A specific limit on the amount of imports that may enter a country

The price of one nation's currency in terms of another nation's currency

Something used and sell other merchandise such as the British pound and the Euro

The value of all of the final goods and services produced in a country per year

A business owner who starts their own buisness

When a country invests in health, education, training, skills, and housing

When a country specializes in a specific product that make well

when government planning groups make the basic economic decisions

an economy that is completely command or market, but usually leans toward one or the other

A stop on trade in your country

when the customs and habits of the past are used to decide what and how goods will be produced

To ship something into your country

When a country invests in factories, machines, buildings, properties, and technologies