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By: Paree bhakta for: mrs.o’grady

Economic Vocabulary. By: Paree bhakta for: mrs.o’grady. Currency. Money-coins and bills . TARIFF. A TAX ON IMPORTED GOODS . Natural resources. Gifts of nature, present without human intervention . 3 economic questions. What, how, and for whom to produce . CONTINUUM.

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By: Paree bhakta for: mrs.o’grady

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  1. Economic Vocabulary By: Pareebhaktafor: mrs.o’grady

  2. Currency Money-coins and bills

  3. TARIFF A TAX ON IMPORTED GOODS

  4. Natural resources Gifts of nature, present without human intervention

  5. 3 economic questions What, how, and for whom to produce

  6. CONTINUUM A LINE ON WHICH POSITIONS ARE PLOTTED

  7. ENTREPRENUER A PERSON WHO STARTS UP A COMPANY, TAKES THE RISKS

  8. QUOTA LIMITS ON THE QUANITY THAT CAN BE IMPORTED

  9. COMMAND THE GOVERNMENT CONTROLS EVERYTHIG IN THIS SYSTEM

  10. EXPORTS GOODS LEAVING,OR EXITING A COUNTRY

  11. GDP TOTAL VALUE OF ALL GOODS AND SERVICES PRODUCED IN A COUNTRY IN A YEAR

  12. 4 FACTORS OF ECONOMIC GROWTH NATURAL RESOURCES, CAPITAL GOODS, HUMAN CAPITAL, AND ENTREPRENEURSHIP

  13. HUMAN CAPITAL HUMAN EFFORT, LIKE EDUCATION, DIRECTED TOWARD PRODUCTING GOODS AND SERVICES

  14. MIXED SYSTEMS HAS ELEMENTS OF COMMAND & MARKET SYSTEMS

  15. IMPORTS GOODS COMIG INTO A COUNTRY

  16. TRADITIONAL THIS SYSTEM REPEATS THE PAST

  17. TRADE BARRIES THINGS THAT GET IN THE OF TWO NATIONS TRADING WITH EACH OTHER

  18. EMBARGO BLOCKING GOODS FROM ENTERING A COUNTRY

  19. MARKET THIS SYSTEM HAS NO GOVERNMENT INTERVENTION

  20. PER CAPITAL GDP GDP DIVIDED BY THE COUNTRY’S POPULATION

  21. THE END

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