GED Economics Terms Lesson 1
economic systems, trade barriers, personal money management
Terms in this set (8)
the way people make or use their resources, goods, and services
products that are made by producers and bought by consumers
the way a society organizes the production, distribution, and consumption of goods and services.
term used to describe countries' dependence on each other
another term for money
Which economic system is sometimes called communism?
a tax placed on imported goods
actions, such as haircuts and car repair, which satisfy people's wants
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