# data[].attributes.body
An economy in which production, investment, prices, and incomes are determined centrally by a government

Ex) Cuba, North Korea, Russia

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible)

Ex) United States, Canada, Mexico

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible)

Ex) United States, Canada, Mexico

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible)

Ex) United States

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible)

Ex) United States

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible thr

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, (goal is to make the most money possible

# data[].attributes.body
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses

# data[].attributes.body
An economy that relies on customs, history, and time honored beliefs, tradition guides economic decisions an distribution

Ex) Aboriginal and Torres islanders

# data[].attributes.body
A market where businesses purchase the items needed to produce goods or services

Ex) Capital, Labor, Raw Materials, Entrepreneurship, Land

# data[].attributes.body
A market that focuses on finished goods purchased by consumers, businesses, the public sector, and foreign buyers

Ex) Airlines, phones, cars, pharmaceutical products

# data[].attributes.body
An economic system combing private and public enterprise

Ex) Sweden, France

# data[].attributes.body
States as the price of a product increases, the demand for the same product decreases

Ex) Holidays, Groceries, Restaurants

# data[].attributes.body
Too much of a product is being produced compared to the demand

Ex) Surplus in bathing suits in the winter

# data[].attributes.body
A market structure characterized by a single seller, selling a unique product in the market

Ex) Microsoft, Apple

# data[].attributes.body
something necessary to live

Ex) Water, food, shelter

# data[].attributes.body
The desire for financial gain as an incentive in economic activity

Ex) Selling lemonade to make money

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand sanitizer shortage

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet paper shortage, hand

# data[].attributes.body
a situation in which something needed cannot be obtained in sufficient amounts

Ex) Toilet pape

# data[].attributes.body
Is when a determinant of demand other than price changes, occurs when the demand of goods changes, but the price remained the same

Ex) Less or more income

# data[].attributes.body
Changes in production cost and related factors can cause a change in supply, supply curves relate prices and quantities supplied assuming no other factors change

Ex) good season for oranges results in a larger supply of orange juice

# data[].attributes.body
A condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion, and place

Ex) Pepsi vs. Coca-Cola, Apple vs. Samsung

# data[].attributes.body
Situation in which economic forces such as supply and demand are balanced

Ex) Supply and demand are equal

# data[].attributes.body
Goods or services that generally have plenty of substitutes

Ex) If the price of one type of cereal increases, then buyers typically buy a different kind

# data[].attributes.body
Goods or services that have fewer substitutes, therefore price change does not affect the quantity demanded

Ex) Gas, food, oil

# data[].attributes.body
Describes the inputs used in the production o goods or services in order to make an economic profit

Ex) Land, Labor, Capital, and Entrepreneurship