A shortage of resources

A combination of Market Economy and Command Economy

The amount of goods and services that producers will provide at various prices

Individuals who make the goods and services for which they are paid

A single human being

All the economic resources necessary to produce a society's goods and services

To act together, toward others, or with others

A person who recognizes a business opportunity and organizes and manages, and assumes the risks of starting and operating a business

To watch carefully

To exercise power or influence over something

A person who recognizes a business opportunity and organizes and manages, and assumes the risks of starting and operating a business

The people who recognize opportunities and start businesses

economic system where the central authority makes the key economic decisions

The study of how individuals and groups if individuals strive to satisfy their wants and needs through making choices

The point at which the quantity demanded and the quantity supplied meet

The amount of money given or asked for when goods and services are bought and sold

Raw materials from nature used to produce goods

The things used to produce goods and services

Human activity that provides goods or services in an economy

The method a society chooses to use and distribute resources

The amount or quantity of goods and services that consumers are willing to buy at various prices

The state of being related or interrelated

One that actively contributes to the production of a result

An economic system in which economic decisions are made in the market place, where buyers and sellers meet to exchange goods and services, usually for money

A series of actions or operations leading to an end