an economic system where individuals and companies are free to make a profit selling goods and services with a limited government
an economic system in which many businesses are owned and run by the government
The average yearly income of citizens in a country
An economics system in which all businesses are owned and run by the government
countries that have a high per capita income and quality of life is generally good
a shortage or lack of supply
What is Economics?
In less developed countries, they have a
Countries that depend on one another for a product or services is ________________________________.
to buy a product or service
selling and shipping a product is: ____________________
Necessary items, such as food, clothing or equipment is known as ______________________.
the desire for a product or service