Economy Vocabulary

Question 1 of 1

Time Left

Match the vocabulary word with the correct definition.

Match the text (click and drag)

(0/0)

Match the text
economy
Traditional economy
Command economy
Market economy
Mixed economy
Scarcity
Supply
Demand
Consumer
Resource
Goods
Services
Credit
Debt
Bank

Click and drag
products like cars, computers, or corn.
the ability to borrow money.
a combination of a market and a command economy.
an economy in which most allocations of resources occur as a result of interactions between buyers and sellers of goods and s
money owed, usually as a result of borrowing.
a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sa
duties performed by one person for another, such as teaching and transportation.
a person who buys and uses up goods.
a state of something being in short supply.
a usable stock or supply.
a society that relies on customs, history, and time- honored beliefs.
The way a country manages its money and resources (such as
The way a country manages its money and resources (such as workers and land) to produce, buy, and sell goods and services. a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale. an economy in which most allocations of resources occur as a result of interactions between buyers and sellers of goods and services. duties performed by one person for another, such as teaching and transportation. A financial institution that accepts deposits and withdrawals of
how much of something is available.
a measure of how many people want to buy a particular good or service.