economy
method of organizing different parts or the ecomony
economic continuum
tax on imported items
tariff
everything is determined by the gov. (money, investments, prices, incomes)
command economy
restriction on trade with a specific country or item
embargo
most of the worlds economies
mixed economy
government imposed trade restriction
quotas
systems the relies on customs, beliefs and history
traditional economy
government induced international trade restriction
trade barrier
production and prices are determined and set by unrestricted and unregulated competition between privately owned businesses
market ecomony
concentrating on or becoming an expert in a particular skill/subject
specialization