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

____________________________________ are “real resources” needed to produce goods.

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

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.

______________ includes all resources found on or under the ground.

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

_____________________________ include factories and machines.

______________________________ limits free trade between countries.

The government controls the economic system in a __________________________ economy.

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