resources that can be totally replaced or are always available naturally

cannot be totally replaced. once consumed, they are gone

how a society decides on the ownership and distribution of its economic resources

type of economy where resources are distributed mainly through families

type of economic system where means of production of production are privately owned

type of economy where means of production of publicly owned and are controlled by a central governing authority

type of economy in which parts of the economy are privately owned and parts are owned by the government

the total dollar value of all final goods and services produced in a country during a single year

the level at which a person, a group, or a nation lives as measured by the extent to which it meets its needs

a measurement of what is produced and what is required to produce it

to send to another country

bring in a product from another country

arrangement where a group of countries decides to set little or no tariffs on quotas

a type of money

the economic principle by which a country works to create conditions where all the natural resources for meeting the needs of society are available

the process by which nations, cultures, and economies become integrated or mixed

the rights that belong to all individuals

a form of government in which one person has absolute power to rule and control the government, the people, and the economy

form of government that is ruled by a king or queen

a form of democracy in which citizens elect government officials to represent the people

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