| A | B |
|---|
| barter | direct exchange of one good for another good. |
| bourgeoisie | communists used this term to mean "the capitalist class" |
| capital | all materials that are used in production. |
| communism | economic system in which all private property has been turned over to the people as a whole. |
| command economy | an economy based on the dictates of a central authority rather than individual choice. |
| consumer goods | products meant for immediate consumption |
| demand | the amount of a good or service that consumers are willing and able to buy at a certain price. |
| factors of production | the resources used to produce the things people want. |
| entrepreneurship | the management skill that organizes the other three factors of production. |
| land | resources found under, on, and above the earth. |
