Economics Vocabulary

3. the amount of money a country makes in a year per person
4. moving a product from where it's made to where it can be sold or used
8. the formula to make sure you are getting the fair amount of currency when you trade
9. the money (coins and bills) that is used in a country
15. selling products you can make easily, using the money to buy other things you need
17. trading the currency you have for the currency another country uses
20. a person who has an idea for a new product or business and takes the risks to make it happen
22. training and education for people who make and distribute product to make it easier to do their jobs

1. a type of economy where decisions are made by the government
2. a rule that decreases trade between two countries
3. the amount of money that a country makes in a year
5. a type of economy where decisions are made based on how things have been done in the past
6. a type of economy where decisions are made by buyers and sellers
7. buying and selling products between countries
10. has some market traits and some command traits
11. a tax on products brought from another country to make them more expensive
12. the number of people in an area who can read and write
13. spending money on something hoping to make more money back
14. not allowed to trade with another country
15. how comfortable it is to live in a country based on what people who live there have access to
16. things that make it easier to produce and distribute products that can be seen and touched
18. using a product
19. making a product (something to sell)
20. the study of how countries make money and how much money they have
21. a limit on products brought from another country to make them more expensive