Economy dominated by methods and techniques that have strong social support even though they may be old-fashioned or out of date.
What is traditional economy
100
the state of being productive
What is productivity
100
gross domestic product
What is GDP
200
financial system
What is economy
200
An economy that is planned and controlled by a central administration, as in the former Soviet Union.
What is command economy
200
gross national product
What is GNP
200
The act of obtaining usable substances from unusable sources
What is recovery
200
gross damestic product
What is gdp
300
supplys,money, wealth,assets,
What is resources
300
financial system
What is market economy
300
consumer price index
What is CPI
300
The worldwide economic depression from the late 1920s through the 1930s. In the United States, it began with the stock market crash in October, 1929
What is depression
400
the requirements for production, usually represented as capital,labour,and land. Capital covers all man-made aids to future produtcion; fixed capital stays put.
What is factors of prodution
400
The result of an inability to satisfy all of everyone's wants
What is scarcity
400
producer price index
What is PPI
400
An extended decline in general business activity, typically two consecutive quarters of falling real gross national product
What is recession
500
An underlying base or foundation especially for an organization or system.
What is infrastructure
500
Entrepreneurship is a process through which individuals identify opportunities, allocate resources, and create value
What is entrepreneurship
500
A sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline
What is business cycle
500
In a business cycle, a period of growth during which an economy moves from its trough to its peak.