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Factors of Production
Types of Economies
Trade
Taxes
Supply and Demand
100
Anything you use in the Production process.
What is capital?
100
government controlled by the people
What is market economy?
100
products going out of the country
What is exports?
100
Fees paid for anything you buy.
What is taxes?
100
what and how much you have of something.
What is supply?
200
The creative, managerial, and risk taking capabilities involved in running a business.
What is entrepreneurship?
200
Government ruled by one or a group of people who control everything from trade to production.
What is command economy?
200
Special taxes on imported goods.
What is tariffs?
200
Income tax is this type of tax.
What is progressive tax?
200
the consumers want for a product.
What is demand?
300
natural resources are part of this factor of production.
What is land?
300
This economy is controlled by the people but has government intervention in production and trade.
What is mixed economy?
300
Trade between countries without any trade barriers.
What is free trade?
300
Sales tax is this type of tax.
What is regressive tax?
300
The relationship between inputs and outputs
What is productivity?
400
Bill Gates and Sam Walton are examples of this type of labor.
What is entrepreneur?
400
The United States has this type of economy.
What is market economy?
400
Limitations on the amount of a particular good that can be imported into a country.
What is quota?
400
Everyone pays the same amount, proportional to their income.
What is proportional tax?
400
When supply out weighs demand.
What is surplus?
500
The contribution of human workers in the production process.
What is labor?
500
A dictatorship is closely related to which type of economy.
What is command economy?
500
Protectionism, national security, and the health of citizens are all reasons for this.
What is trade barriers?
500
doesn't affect the wealthy as much as the normal working class.
What is a rise in sales tax?
500
When you take all the demand for every consumer at every price and add them up you get..
What is market demand amount?