Economics Terms

2. The goods or services available to individuals and businesses
7. A person or organization that uses economic services or commodities
8. The basic physical systems of a business or nation; transportation, communication, sewage, water and electric systems
10. The last factor of production that isn't labor or land
14. Rate The general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.
15. Someone fixing your AC is an example of what
17. A material that satisfies human wants
20. Economy The economy where production and prices are determined by the government
21. A stock of a resource/product

1. A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
3. The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.
4. Of Living The level of wealth, material goods and necessities available to a certain socioeconomic class in a certain geographic area.
5. Someone who creates and supplies goods or services.
6. The political theory derived from Karl Marx
9. An economic and political system in which a country's trade and industry are controlled by private owners for profit
11. The revenue created by a company
12. Economy The economy where it is a mix of both command and market
13. Economy The economy where production of products and prices are determined by the citizens
16. The wealth and resources of a country or region
18. The want/need for a certain product
19. Gross Domestic Product