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- 1economic system The way in which a nation uses its resources to satisfy people's needs and wants market economic system I am an entrepreneur, and I like to make my own decisions about my business. Which economic system would best benefit me? tariff This tax is placed on imported goods and services to protect citizens and/or government interest. command economy system An economic system in which the government leaves little free for people to make choices and controls the majority of the business. mixed economic system This economic system that allows you to open a business, but the government still has some involvement. GDP This measurement is used to evaluate a country's economy. traditional economic system Many lesser developed countries have had jobs determined by the role each person plays in the community. Children frequently have jobs similar to their parents' jobs. autocracy Kim Jong Un is a North Korean dictator. He ultimately m
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- Flashcards on Untitled, created by myajackson311 on 30/11/2015.
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