| A | B |
|---|
| cardianl directions | The four main points of the compass (north, south, east, and west) |
| circular flow model | A diagram that shows the flow of economic activity among sectors of the economy |
| colonialism | A system where one country exrtends its control over foreign dependency expecially for economic benefit |
| command economy | An economic system in which all decisions on production and consumption are made by a central government |
| comparative advantage | The ability to produce goods or services at a lower opportunity cost than other individuals or countries |
| compass rose | An element of a map used to show direction. usually showing cardinal directions |
| consumer | A person whose wants are satisfied by using goods and services |
| consumer price index | A number used to measure changes in the cost of standard group of goods and services bought by a typical urban consumer |
| consumption | The purchase and/or use of goods and services |
| coordinate | One of a set of numbers that determins the location of a point in a space. |
