Directions: Match the vocabulary term to its definition. Definitions: 1. _____ trading 2. _____ an economy...

Directions: Match the vocabulary term to its definition.
Definitions:
1. _____ trading
2. _____ an economy with government control and government decision-making
3. _____ a private citizen developing a business based on supply and demand
4. _____ the operation of a business without control from the government
5. _____ an economy based on supply and demand
6. _____ a goal of a certain amount of a good or service to be produced in a certain timeframe.
7. _____ producing only what is needed for personal survival
8. _____ a simple economy operated through tradition and bartering
9. _____ money paid to a worker
Vocabulary Terms:
a. traditional economy
b. wage
c. free enterprise
d. command economy
e. production quota
f. subsistence
g. market economy
h. entrepreneurship
i. bartering
Directions: Highlight or shade in the CORRECT trait(s) of a market economy. Draw an X over the INCORRECT trait(s).
Market Economy
DICTATOR
FREE ENTERPRISE
GOVERNMENT HEAVY
ENTREPRENEURS
BARTERING
SUPPLY & DEMAND
TRADITIONS