a system in which people make, exchange, and use things that have value

owners and workers

people who buy and use products

an economic system in which individuals own most businesses

an economic system in which the central government owns factories, farms, and offices

A person with certain rights and responsibilities in his or her country or community

a place where people live, work, trade, and share

a type of economy in which people are free to buy, sell, and produce whatever they want

things people buy and use

work done for others as a form of business

a person who starts up and takes on the risk of a business

money left over after business expenses have been paid

when people cannot have everything they want due to limited resources

expected traits of a responsible member of a community

personal habits and attitudes that promote the well-being of a group

payments that citizens and businesses are required to make to a government to pay for public goods and services

a company that sells goods or services

the effort to increase the well-being of humanity by charitable donations

a good produced for sale

the amount of money earned before and taxes or other deductions are subtracted

the amount of money received after taxes and other deductions are taken from their paycheck

merchandise and skills offered for a price

goods and services provided by the government for the use of all people

an economic system that is part free market and part government-controlled