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12 Cards in this Set
- Front
- Back
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Economic
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Is the study of people produce distribute good and servise
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Economic system
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MAking choices about how to use resources to produce and distribute services
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Capitalism
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The free entreprise system the economic systen of the US
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Free entreprice
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A type of economic system may buy good and sales good and
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Regulate
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Set rules for
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Command Economy
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A type of economic system in which is not private enterprice goverment make all decisions
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Socialist economy
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A type of economic system in which there private enterprice but the goverment control and made many decisions
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Comsumers
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People who buy and use goods and service
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Producer
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Indiviual Buy services
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Profit
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The amount of money left after business pay it expenses
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Supply
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The amount of good in services
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Demmand
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The amount of good and services the consumers want to buy
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