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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Economy |
A system in which people make, exchange, and use things that have value |
MONEY |
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Producers |
Owners and workers |
O+w |
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Consumers |
People who buy and use products |
LEMONADE STAND |
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Capitalism |
An economic system in which individuals own most businesses |
ME OWNING A LEMONADE STAND |
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Communism |
An economic system in which the government owns factories, farms, and offices. |
YouTube police take girls lemonade stand |
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Developed Nations |
Nations with many industries and advanced technology |
USA USA USA USA USA USA USA USA USA USA USA |
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Developing nations |
Nations with few industries and simple technology |
SAUDI ARABIA SAUDI ARABIA SAUDI ARABIA SAUDI ARABIA SAUDI ARABIA SAUDI ARABIA |
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Private ownership |
individuals own businesses |
JIM'S GRILLE |
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mixed ownership |
individuals own most bussesses |
POPO FF |
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government ownership |
government owns all businesses |
EVERYTHING |
