An economic system in which the government controls a country's economy.
command economy
what is used to make goods or services
resource
economic system where individuals and businesses own all resources and make economic decisions on the basis of price
market economy
study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants
economics
to deliver
distribute
not having enough resources to satisfy all of one's wants
scarcity
economic system where decisions of what, how and for whom to produce are based on custom or habit
traditional economy
system that combines both private ownership and government ownership of the means of production
mixed market economy
need that individuals or nations have that can be met by getting a good or service
want
how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants
economics