Term
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Definition
| There is no such thing as a free meal |
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Term
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Definition
| The effcient use of productive resourcs |
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Term
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Definition
A good that when used regulary last more that 3 years |
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Term
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Definition
| Someone who buys good and services |
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Term
Traditional economic system |
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Definition
if you are doing the same things that your father were doing along time a go that is traditional |
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Term
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Definition
| is the, what, how and for whom questions are answered by centeral economic planners |
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Term
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Definition
| where the gov controls the economy and the people |
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Term
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Definition
| when one product is hard to find |
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Term
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Definition
| most valued alternative not chosen |
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Term
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Definition
| designated an economic system that mainly market has different degrees |
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