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People run the economy by buying and selling what they choose.
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
Knowledge and skills that make it possible for workers to earn a living
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
The buying and selling of items
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
Economy that is based on traditions of the past
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
More than is needed
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
Forbid trade with another country
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
Factories, machines, adn technology that help people make products
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
When a country is really good at making one or more things
Surplus
Market Economy
Trade
Specialization
Traditional
Capital Goods
embargo
Human Capital
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