Economic Systems Vocabulary

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A minimum required quantity of a product.

Seeking to give everyone their share of society's wealth.

When an economy produces more and better goods and services.

A country wants to make the most of its resources. Their main economic goal is…

A wants to make their own economic decisions without interference from the government. Their main economic goal is…

A condition in which the goods and services people rely on are available when they want them.

A Country has the ability to produce more and better goods and services which leads to an improved standard of living. Their main economic goal is…

A method a country uses for production and distribution and consumption.