Vocabulary Canadian Economics General Economics
100
What is Planned economy
An economic system that is government controlled
100
What is cooperation
A founding principal of Canada
100
What is Land, Labour, Capital
Three factors of production
200
What is Mixed economy
An economic system combining private and public enterprise.
200
What is Education, Health care and pensions
Three recources paid for by the government of Canada
200
What is labor laws
Laws that protect workers and business owners.
300
What is Market economy
An economic system in which economic decisions and the pricing of goods and services are guided solely by citizens and businesses
300
What is price fixing
An adjustment of prices that is not allowed in Canada
300
What is a grant
When a government gives citizens money to produce or do something
400
What is Public Good
What is best for society as a whole
400
What is Supply and Demand
A theory explaining the interaction between the supply of a resource and the demand for that resource
400
What is a crown corporation
A government owned business that provides essential services to the public.
500
What is Collective Bargaining
A process of negotiations between employers and a group of employees aimed at reaching agreements to regulate working conditions
500
What is a mixed economy
An economic system that sits on the middle of a continuum
500
What is individualism
A founding principal of the United States






Grade 9 Economics

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