The study of how people's wants and needs are met.

A system in which hereditary nobles gave protection to the people who lived and worked on his land, in return for their services.

An economic and political system in which government own some property, and runs some businesses.

An area of economic activity where buyers and sellers come together, such as 'Wall Street.'

Something that is used to make goods and provide services.

An economic system based on the idea that a country becomes strong by having wealth and controlling the market.

An economic and political system, based on one party rule, in which government owns all property and businesses.

Money and financial power based on things of worth, such as buildings, machines, and tools, needed to begin a new company or business.

The economic condition that arises when there is not enough goods or services to meet the needs of the market.

An economic system in which people and businesses own and control production; also known as a "market economy."

An economic system which features aspects of both Capitalist and Socialist economic systems.

The amount of a product that is available for sale, versus the amount of a product customers want to buy or are willing to pay.