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