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the skills of people who are willing to risk their time and money to run a business
the government controls the factors of producton and makes all the decisions about their use
output per worker hour that is measured over a defined period of time, such as week, month, or year
Gross Domestic Product (GDP)
measure of the goods and services produced using labor and property located in this country
Consumer Price Index (CPI)
measures the change in price over a time of some 400 specific retail goods and services used by the average urban household
prolonged depression; it becomes nearly impossible to find a job and many business are forced to shut down
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