Economic Growth and Economy vocabulary

Economic Growth and Economy vocabulary

Assessment

Flashcard

Social Studies

6th Grade

Easy

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Wayground Content

Used 2+ times

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14 questions

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1.

FLASHCARD QUESTION

Front

The way in which goods and services are made, sold, and used in a country

Back

Economy

2.

FLASHCARD QUESTION

Front

An economy that depends on agriculture and bartering, where decisions are made based on traditions, customs, habits, or beliefs

Back

Traditional Economy

3.

FLASHCARD QUESTION

Front

An economy where the government makes the basic economic decisions

Back

Command Economy

4.

FLASHCARD QUESTION

Front

An economy where economic decisions are made by individuals, and individuals and businesses own most of the businesses and farms

Back

Market Economy

5.

FLASHCARD QUESTION

Front

An economy that has characteristics of both command and market economies

Back

Mixed Economy

6.

FLASHCARD QUESTION

Front

A range between the different economic systems

Back

Economic Continuum

7.

FLASHCARD QUESTION

Front

the total value of all the goods and services produced within a country in one year

Back

Gross Domestic Product (GDP

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