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| the study of production, consumption, and distribution of goods and services to meet the needs and wants of a people |
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| the way in which a group of people organize to meet their needs and wants |
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| when the individuals and businesses own the factors of production |
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| when government owns the factors of production to use for the good of the people |
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| the good of all; In economics, a commodity typically provided by government that cannot, or would not, be separately parceled out to individuals, since no one can be excluded from its benefits. Public goods, such as national defense, clean air, and public safety |
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| A business that was established by a country's government; Examples include the Canadian Broadcasting Corporation, Canada Post, and ViaRail. Former crown corporations before their privatization include Air Canada and Petro-Canada. |
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| a line showing the extremes of economic systems - from command to market systems and everything in between |
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| the amount of something available for use |
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| the amount of something people want and are willing to buy |
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| a rivaly; trying to get a larger share of a market and have more customers; this is thought to set the prices in a Market Economy |
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| A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something |
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| A person who purchases goods and services for personal use |
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| A person, company, or country that makes, grows, or supplies goods or something for sale |
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| (economics) a market in which there are many buyers but only one seller |
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| A refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer |
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| negotiation between an employer and trade union; Method of determining wages, hours and other conditions of employment through direct negotiations between the union and the employe |
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| Conditions of the workers' job environment, such as hours of work, safety, paid holidays and vacations, rest periods, free clothing or uniforms, possibilities of advancement, etc. Many of these are included in the collective agreement and subject to collective bargaining. |
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| a crown corporation set up to preserve Canadian culture through arts, music, film and television |
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| planned economy (command economy, or communist economy) |
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| an economic system where the state (government) decides what to produce, how to produce it, and for whom to produce goods & services |
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| also called planned or communist economy |
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| an economy where both individuals and government own the resources; usually health care, transportation and communication is owned by government |
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| market economy (capitalist economy) |
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| an economy where supply and demand determine what is available; individuals and business own the factors of production |
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| the fundamental economic problem - having seemingly unlimited human needs and wants, in a world of limited resources. |
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| In economics, the resources employed to produce goods and services. .. land, labour & capital |
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| the natural resources used for production |
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| the people used to produce goods and services |
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| already produced goods and services that are available in an economy |
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| An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests |
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