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Economy #2
Game Code: 225781
English
21
Public
Economy and the Government
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The central bank of the United States
The Federal Reserve
15
Economy most goods and services are offered by private companies
Market Economy
15
Economy where the government owns and offers all goods and services
Command Economy
15
Economy where both governments and private businesses are involved with goods and services
Mixed Economy
15
Oldest economic system; known as the barter system
Traditional Economy
15
When one company controls an entire industry without any competition
monopoly
15
A tax on goods from other countries
tariff
15
People who take risks to start a new business
Entrepreneur
15
prohibit monopolies and other activity that reduces competition
anti-trust laws
15
one jobs this agency carries out is to stop companies from competing unfairly
Federal Trade Commission (FTC)
15
An economy where companies would compete against each other with no government involvement at all
"Free Market"
15
The anti-trust act enacted in 1914.
Clayton
15
The first anti-trust act.
Sherman
15
The fee charged for the right to borrow money
interest
15
The way goods and services are produced and consumed
Economy
15
Someone who makes a good or service
producer
15
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