economics

An economic system where citizens and businesses make most economic decisions

An economic system where the government plans and controls a country's economy

An economic system in which some businesses are privately owned and belong strictly to thegovernment

The raising of crops and animals for human use (farming)

Goods made in a factory industry (looks like an assembly line)

A business that provides a service to people (ex. nail salons, banks, taxi drivers,restaurants).

(whole lot) the sale of goods in a large quantity, to a retailer for resale purposes (ex. Nikesells Jordan shoes to Foot Locker)

(regular store) the sale of goods or merchandise from a store to a shopper/consumer (ex. GameStop, Target, Wal-Mart)

a person who purchases goods and services for personal use.

Prices are based on what people are willing to pay, and companies make goods based on whatpeople want to buy

describes the way countries are dependent on each other to supply raw materials, goods, andservices that they need.

Amount of money a country earns from its goods and services

to send a product produced in one country to another country. (exiting)

when a country brings in a product from another country. (incoming)