Economics

2. is any structure that allows buyers and sellers to exchange any type of goods, services and information.
4. materials that satisfy human wants and provide utility.
11. the part of economics concerned with single factors and the effects of individual decisions.
12. the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
14. a means by which governments finance their expenditure by imposing charges on citizens and corporate entities.
15. example of market economy.
16. consumers' willingness and ability to consume a given good.

1. market is an economic system based on supply and demand with little or no government control.
3. is an economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces, as well as the rules and manner of their distributions (barter and trade.)
5. a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.
6. covers the systems for setting levels of taxation, government budgets, the money supply and interest rates.
7. society's material wants are _________ while resources are limited or scarce.
8. All persons living under one roof.
9. korea a country practicing command economy.
10. is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale.
13. is a combination of different types of economic systems.
17. example of traditional economy.