Economic Vocabulary

________: The reduction of barriers to the movement of goods and services, workers, and money among nations.

________: French for "let do ..

________: French for "town dweller ..

________: Wealth (money, gold & silver, stocks, bonds)

________: Workers, working- class people.

________: Government provides financial support (to business or public need)

________: Operate in response to the laws of supply and demand and to market forces such as the scarcity of goods and resources.

________: The sum of all goods and services produced in a country within one year.

________: Operate at the will of the government.

________: a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.

________: People are concerned mainly with obtaining food, clothing, shelter, and other necessities.

The study of how people satisfy their wants and needs

People are concerned mainly with obtaining food, clothing, shelter, and other necessities

Operate at the will of the government

Operate in response to the laws of supply and demand and to market forces such as the scarcity of goods and resources

The reduction of barriers to the movement of goods and services, workers, and money among nations

a system of production, resource allocation and distribution of goods and services within a society or a given geographic area

French for "town dweller."

The sum of all goods and services produced in a country within one year

French for "let do."

The facilities and resources for producing goods

Workers, working-class people

Government provides financial support (to business or public need)

Wealth (money, gold & silver, stocks, bonds)