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Economy

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Horizontales
Goods made and used to produce other goods and services
Where price and production are controlled freely by buyers and sellers
Rely on how the economy was ran in the past (based on customs & traditional)
An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise
mixed parts of different economic systems
Total amount of goods and services available to consumers
Verticales
Giving something up in order to get something else
How much a buyer is willing to spend for a specific good or service
The government creates all economic decisions (Communism)
the upward and downward movements of levels of gross domestic product
A shortage in supply
The government owns & controls everything (Citizens get no choices)