| A | B |
|---|
| Capital goods | Manufactured or constructed items that are used to produce goods and services |
| Consumer goods | Tangible items produced for personal use |
| Command economy | An economic system in which all or many of the means of production and distribution are owned and controlled by the government |
| Demand | The quantity of a good or service that buyers are ready to buy at a given price at a particular time |
| Communism | A command economic system in which the government controls the economic system and does not allow private ownership of the means of production and distribution |
| Competition | The rivalry between two or more businesses to attract scarce customer dollars |
| Consumers | People who use goods and services to satisfy their wants |
| Central planning | Detailed economic processes and goals developed by government; usually associated with communist economies |
