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Government and Economics

Citizens hold the politicial power.
Form of government where a small group of people has all the power
The amount of money the consumer is willing to pay for the good.
The amount of people who want an item
A form of government where a king or king has all of the power.
Producers are free to decide what to produce,and consumers are free to buy whatever they want or need.
Producers battling over who can make the most profit
The limited amount of resources available.
Someone who makes goods or offers services to others
The financial gain received by selling something for more than it costs to make it.
The way goods and services are produced and consumed.
Community where someone is in charge
Someone who acquires goods and services for his or her own personal use
Form of government where one leader has absolute control over citizens lives.
The amount of something that is available