Course Review -- economics

total value of goods and services produced in a country in a year

the industry that sells products in stores or online

person or business that makes and sells goods or services

removal of trade barriers

an economic system in which individual consumers and producers make economic decisions

the industry that creates products and goods from raw materials

an economic system in which people make economic decisions based on their group's customs and values

the act of concentrating on a limited number of goods or activities

study of how people meet their wants and needs

person or business that buys goods or services

amount of a good or service that is available for use

an economic system that combines elements of traditional, market, and command economic systems

exchange of goods and services in a market

money or goods that are used to make products

the money people make through work or investments

body of public works, such as roads, bridges, and hospitals, that a country needs to support a modern economy

the industry that provides services that make peoples' lives easier

action that attempts to force a country to follow international law

products or raw goods needed to produce other goods

Regulations are rules set by the government that create limits or standards for businesses?

the ability to start and grow new businesses

a good that is shipped into a country

use of machines to do work that had been done by animals or humans

an economic system where the central government makes all economic decisions

the system by which a country's people make a living

a good that is shipped out of a country

growth of machine-powered production and manufacturing

the knowledge and skills of employees