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10 Cards in this Set
- Front
- Back
TRANSFER PAYMENT |
ANOTHER NAME FOR CAPITALISM PRIVATE OWERNSHIP OF PRODUCTIVE RESOURCE |
|
MIXED ECONOMY |
TRADITIONAL ECONOMY MARKET ECONOMY COMMAND ECONOMY |
|
MARKET ECONOMY |
INDIVIDUAL CHOICE AND FREEDOM EXCHANGE |
|
LAND |
RESOURCES FOUND UNDER THE GROUND THAT are BEING USED FOR RESOURCES |
|
FACTORS OF PRODUCTION |
RESOURCES NEEDED TO PRODUCE GOODS AND SERVICES |
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SAFETY NET |
GOVERNMENT PROGRAM PROTECT PEOPLE FROM ECONOMIC HARDSHIP |
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SCARITY |
NOT ENOUGH RESOURCES |
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PRODUCER |
SOMEONE WHO MAKES IT |
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TRADE OFF |
SOMEONE GIVES UP MAKING AN ECONOMIC CHOICE |
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CAPITALISM |
RESOUCES MADE PLUS UDED BY PEOPLE TO MAKE GOODS |