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These rescorces are mostly non physical attributes a person or people can have that will influence a buisness such as knowledge or manual labor.

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The national debt is the net accumulation of the federal government's annual budget deficits. It is the total amount of money that the U.S. federal government owes to its creditors.

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The Business Cycle is a representation of how the economy is doing at a specific time. it is usually represented as a graph with number of transactions as the Y axis and time as the X axis. it displays how the market is expanding and contracting, and how well specific businesses are performing.

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Command Economy is where the goverment regulates the production prices, investments and incomes

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The Federal Reserve is the central bank of the United States. This system provides a safe and flexible financial system, and also has 12 regional Federal Reserve banks that are responsible for different geographical areas in the U.S.

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A state in market-based economies where things like supply and demand are balanced.

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Depression is a severe and long-lasting economic downturn. An economy in a depression will have a big decline in buying, production, and selling that lasts for several years.

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"A traditional economic system is based on customs, history and time-honored beliefs. A traditional economy is an economic system in which traditions, customs, and beliefs help shape the goods and services the economy produces, as well as the rule and manner of their distribution."

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The unemployment rate measures the amount of people who currently do not have a job but are actively looking for work. Currently the unemployment rate in the US is 3.9%.

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Market price is the current price of a object or service is sold at.

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Market price is the current price at which an asset or service can be bought or sold. The market place of the asset or service is also determined by the forces of supply and demand.

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Inflation is the process that occurs over time where there is a general fall of the value of money and the increase of prices.

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A budget deficit occurs when a country expenses and spending exceeds the amount of revenue given back. It helps indicate a country's financial health and makes up the national debt. The term is only used in governmental terms

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A consumer is the person who tends to pay to consume the goods or services that are produced by the seller. Consumers can purchase many different types of goods such as food, medicine, clothes, and even not-tangible items.

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Scarcity, in terms of economics, means that the demand for a good, or service is greater than the availablity of the good/service.

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Time period between a peak and a trough (picture above) where there is a significant drop in the economic activity which can last from months to years.

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The use of taxes and government revenue that influences the countries economy.

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These are resources that can be used that are not human such as machines like cars. Also computers ,cellphones and tv

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the measure of the average change of prices between two given periods of the prices of products consumed by households

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Supply is the total amount of a certain good or service that is currently available to the public.

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A mixed economy is a market system in which free markets are able to coexist with intervention from the government. The market system consists of resource allocation, commerce, and trade. The system connects the idea of capitalism and socialism working together.