| A | B |
|---|
| economic system | the way a contry decides what goods and services will be produced |
| scarcity | limited supply of something |
| quota | workers are told what and how much to produce |
| supply | the amount of goods available |
| demand | how many consumers want the goods |
| resources | raw materials used to make goods |
| three economic systems | traditional, command, market |
| questions answered in economic systems | what how who |
