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Economics Unit 2

The amount a good is sold at
Someone who provides goods/services
Someone who purchases goods/services
An economy where the government controls everything
Your right to own property
A private financial institution
The government provides everything in this sector
An economy where there is NO government influence
Someone who takes a risk to make a profit
The flow of resources and money between firms and households
Rivalry between producers and/or between sellers of a good or service
Consumer spending determines what goods and services will be produced
Individuals have the opportunity to create a business and earn profits
Individuals/businesses provide everything in this sector
Factors of production that are used in the production of goods and services
A private financial institution that only lends to members
Revenue minus cost
Something that will make you want to buy from a business
In this economy there is a public and private sector