Create an account
producing, buying, and selling goods operates by the customs, traditions, and habits of the group
work done or duties performed for other people, such as the work of a doctor, or of a repair man
a material or resource that is still in its natural state, before being processed or manufactured into a useful product
an economic philosophy that calls for property to be owned by society as a whole; the central government controls all aspects of citizens' lives
a political and economic system in which all property and wealth is collectively owned by all members of society
Gross Domestic Product (GDP)
refers to the market value of all final goods and services produced within a country, within a given period
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