Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

10 Cards in this Set

  • Front
  • Back
System of resources management in which decisions about production and distributation of goods and services are made by central authority.
Command Economy
Products and services that directly satisfy human wants.
Consumer Good
Illegal trafe of scarce or illegal goods, usually sold at high prices.
Black Market
An economic system based on free enterprise, in which businesses are privately owned, and production and prices are determined by supply and demand.
Market Economy
a change to private ownership of state-owned companies and industries.
In the Soviet Union, a small farm worked by farmers who shared in the farms production and profits.
In the Soviet Union, a large farm owned and run by that state.
The by-product of producing nuclear power.
Nuclear Waste
Material contaminated by residue from the generation of neclear energy.
Radioactive Material
Chemical used to kill insects, rodents, and other pests.