new vocabulary

4. an economic system is society’s framework for __________ goods
6. society’s framework for producing, distributing, and consuming goods and serives
9. the basic economic problem
10. study how these choices are made
11. places that produce and sell goods
14. deciding what goods and services to create

1. who make key decisions
2. buys and sells goods and services from domestic firms
3. people who work and earn money in return they buy goods and services they need
4. a problem about limited amount of resources
5. they collect taxes for their services
7. the heart of decision making
8. who gets to use and benifit from them
12. a social science which studies how people make choices to use scarce resources
13. how these goods and services are shared