Econ Vocab Review

Match it! Select the correct answer from the pull down...Good luck!

The government controls the economic system in a __________________________ economy.

_____________________________ include factories and machines.

______________ includes all resources found on or under the ground.

A ______________________ is charged on goods or services brought in from another country.

The market system that is based on private ownership and individual decisions is also called ______________________________.

________________________________ is the increase in value of goods and services over a year.

An economic system that is based on customs and cultural history is _______________________.

______________________ is the time, effort and talent that go into production.