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7 Cards in this Set

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Free Enterprise
an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
Command Economy
An economy that is planned and controlled by a central administration, as in the former Soviet Union.
Bread Basket
an agricultural area that provides large amounts of food, esp. grain, to other areas.
Trade
the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries
Service Industry
an industry that provides services rather than tangible objects
Consumer Goods
goods that are ready for consumption in satisfaction of human wants, as clothing or food, and are not utilized in any further production
Food Processing
is the methods and techniques used to transform raw ingredients into food for consumption by humans.