Economy

The state of having money or property defines a person's or institution's ?

Government owns all the resources and makes all decisions.

Given up as a result of a specific economic decision.

The total value of GOODS and SERVICES produced by a country.

Rate at which goods and services are produced compared to the amount of labor expended

A limit placed on an import.

People who own and control their own businesses operate with in a?

A tax placed on a good or a service imported into a country

A product that is abundant in the market place?

The government expectations for health and safety.

Limited availability in the market.

The amount of a good or service available for sale.

Human efforts directed toward the production of goods and services.

Found in nature that people use to produce goods or a service.

When the government stops all trade with another country.

Rules that restrict the free flow of goods between nations

When two elements of a system rely on each other for mutual success.

Goods used to produce other goods and services such as, equipment, buildings and machinery.

A good or service that is shipped out of one place to be sold in another.

Earnings from wages, salaries, interest, rent, profit, and inheritance.

When one concentrates on only one economic venture or job.

An economy with varying degrees of free enterprise and government control.

Total of all resources used to create a good or service: capital, human, and natural resources

Purchasing goods and services.

The amount of a good or service that people are willing to buy.

One or more people produce the same product.

A product or service brought in to a place to be sold.

Government helps exporters through gifts of capital or resources.