Economics Vocabulary
Jamereon Cordell J.c. Edwards
Market Economy
Commmand Economy
Traditional econnomy
Market
the action or business of promoting and selling products or services, including market research and advertising.
Barter
exchange (goods or services) for other goods or services without using money.
embargo
exchange (goods or services) for other goods or services without using money.
tariff
exchange (goods or services) for other goods or services without using money.
quota
exchange (goods or services) for other goods or services without using money.
trade barrier
exchange (goods or services) for other goods or services without using money.
capital
exchange (goods or services) for other goods or services without using money.
human capital
exchange (goods or services) for other goods or services without using money.
capital goods
exchange (goods or services) for other goods or services without using money.
factors of production
exchange (goods or services) for other goods or services without using money.
gross domestic product
exchange (goods or services) for other goods or services without using money.
standard of living
exchange (goods or services) for other goods or services without using money.
literacy rate
exchange (goods or services) for other goods or services without using money.
medium of exchange
exchange (goods or services) for other goods or services without using money.
mixed economy
exchange (goods or services) for other goods or services without using money.
goods
exchange (goods or services) for other goods or services without using money.
services
exchange (goods or services) for other goods or services without using money.