Exchange goods or services for other goods or services without using money

Buildings, machines, technology & tools needed to produce goods and services.

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

A system of money used in a particular country.

System that converts (changes) one currency to another so that goods can be bought and sold between counties with different economics.

A 0-100 scale which ranks world economies from most command-leaning (0) to most market-leaning (100)

A ban on trade with another country.

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

The total value of all final goods and services produced annually in an economy.

The value of all the goods & services a country produces per person (GDP /population)

The health, education, experiences, training, skills & values of people.

A figure (number) that describes the number of babies that die within the first year of their lives in a given population.

A percentage of a country's population who  read and write.

Economic decisions are made by consumers and producers. Zero government involvement.

Economic decisions are made by individuals, businesses & government.

Raw materials supplied by nature & used for money.

A limit placed on the amount of a product that can be imported.

Focusing one or a few products to produce.

The amount of wealth and material comfort available to a person or community.

A tax on imported goods.

An economy based on customs & traditions.