The Market Economy (iCivics)

__________ means the limited amount of resources available.

Someone who makes goods or offers services to others is a:

The U.S. follows what kind of Market Economy?

A ____________ is someone who acquires goods and services for his/her own personal use.

The financial gain received by selling something for more than it cost to make it is:

When producers battle over making the most profit, this is an example of:

If there is HIGH demand for a product, but a LOW supply, what would happen to the price?

The government's main role in a market economy is to:

The selling and buying of goods and services happens in a(n):

______________ would be impossible without the right to own property.

The market forces of ______ and _______ determine what prices will be.