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Economics Vocabulary

Has a mixed market economy
the skills, knowledge, and experience possessed by an individual or population
A business that allows customers to exchange one currency for another currency
a tax or duty to be paid on a particular class of imports or exports
an official ban on trade
the single European currency
Based on survival
A limit on trade
is one of the three primary factors of production, also known as inputs in the production function
represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time
a system of money in general use in a particular country
The most common economy today
The citizens control the production of goods and services
A person who builds a buisness
The government controls the production of goods and services