| A | B |
|---|
| Capital Goods | What can be made by people |
| Capital Resources | Financial capital or money available for investment |
| Command System | Government owns all property and businesses |
| Consumer | A person who buys and uses up goods |
| Demand | The consumer's desire for a good or service |
| Economic System | Includes mixed market, traditional, and command. Involves production, resources, goods and services |
| Exports | Goods sent to another country for sale |
| Goods | Things that satisfy an economic want |
| Imports | Goods brought into a country for sale |
| Mixed Market | Ownership of resources and businesses by individuals. People can make a profit. May have some government rules/regulations |
| Needs | Refers to those goods and services that are essential |
| Natural Resource | "gift from nature." Come from the earth |
| Producer | One who grows agricultural goods or manufactures materials into goods |
| Services | The work performed by a person for another that does not produce a useful good |
| Supply | The amount of something that is available |
| Traditional System | Decisions are based on what has been done in the past - little interaction with the outside world |
| Wants | Refers to those goods and services that people would like to have to improve the quality of their lives |
