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Customs and habits of the past determine what is produced
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Gold, timber, or solar power used by a business
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Economic system where the government controls the basic economic decisions
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Tax on imports
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Economic system where people control what is bought and solc
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Person that risks his time and money to start/run a business
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Stop all trade
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
Buildings, computers, or telephones of a business
Tariff
Embargo
Market
Command
Entrepreneur
Physical capital
Traditional
Natural resources
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