Economics

A system by which goods and services are produced and distributed

the structure of methods and principles that a society uses to produce and distribute goods and services

Making Stuff - the process of making or manufacturing goods and products from raw materials or components

Selling Stuff - the process of sending goods from one party to another

Buying Stuff - the purchase of goods and services for use by households

any activity that seeks to provide goods and services to others while operating at a profit

another term for trade - the buying and selling of goods and services

materials found in the earth that people need and value

another term for commerce - the exchange of goods and services

An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.

economic system in which decisions on production and consumption of goods and services are based on what the people want - there is NO government involvement

An economic system in which the government controls all parts of a country's economy.

A MIX between Command and Market, where people have economic power, but the government passes laws to protect workers and helps to stabilize the economy.