Economics 101

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

This economy is based on the traditions and customs of the people, natural resources.

The total value of all the goods and services produced in one country.

The government controls tells the factories what to make, how to make it, and what price to charge.

A limited supply of something.

The government makes all decisions in this economy.

In this country business owners are free to make and sell whatever they wish with no government control.

This country has business owners and customers that make decisions about what to make, sell, and buy.

This country has a communist government that makes the choice of what goods to produce.