| A | B |
|---|
| Benefit | Something provided by a government to its citizens, such as health care, education, housing, or retirement income. |
| Capitalism | Economic system in which individuals may own natural resources, factories, and products, and may keep the money they make from selling them. |
| Communist | Economic system in which natural resources, land, factories, and products are owned by all people in the community, and all citizens share the money that is made from selling them. |
| Economic | Having to do with the way that a country manages its money and the products it makes and uses. |
| Free market economy | System of trade that permits individuals to make and sell aas many items as they like. |
| Income tax | Money paid to a government based on the amount of money a person earns. |
| Profit | Money earned when an itme is sold for more than it cost to make. |
| Raw material | Something that can be made into another product after being processed in some way. |
| Socialist | Relating to the belief that a government should own the means of producing goods so that no one is poor. |
| Soviet Union | Communist country that included Russia and other nations, and that wsa divided into seperate countries in 1991. |
| Welfare | Providing funds for health care and a minimun standard of living for those who cannot afford these things. |
