Economy that has a lot of individual choice.

Economy with lack of consumer choice.

Economy that has private ownership of property and resources.

The most common economic system today.

Economic system that is driven by the profit motive.

Economy that has a centrally-planned economy.

Economy that has individuals and businesses as the decision makers for the private sector.

Economy based on customs and historical precedents.

Economy that has minimal government involvement.

Economy that has central ownership of property/resources.

Economy that has people performing the same work as parents and grandparents.

Economy that is about consumer sovereignty.

Economy that has the government as the decision maker for the public sector.

Economy that allows for a lot of competition.

In the U.S. economy, what determines the prices of goods and services?

Term that means the consumer has the power.

What is left after all expenses.

When you decide between two things, the item not chosen becomes your what?

These is used to change your economic behavior.

Using your resources to produce a product.

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