the action of helping or doing work for someone.
that which is morally right; righteousness
an economic system variously defined as containing a mixture of markets and economic planning, in which both the private sector and state direct the economy; or as a mixture of public ownership and private ownership; or as a mixture of free markets with economic interventionism.
Medium of exchange
something that buyers will exchange with a seller when they want to purchase goods or services from the seller.
anyone who is at least 15 years of age and over who can read and write.
Standard of living
the degree of wealth and material comfort available to a person or community.
Gross domestic product
the total value of goods produced and services provided in a country during one year.
Factors of production
An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit.
goods that are used in producing other goods, rather than being bought by consumers.
the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
the most important city or town of a country or region, usually its seat of government and administrative center.
are measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.
limited or fixed number or amount of people or things, in particular.
a tax or duty to be paid on a particular class of imports or exports
an official ban on trade or other commercial activity with a particular country
in which traditions, customs, and beliefs shape the goods and the products the society creates. Countries that use this type of economic system are often rural and farm-based