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money for investment
capital
all things used in producing goods and services
resources
exchange (goods or services) for other goods or services without using money
barter
Money spent in order to make more money
investment
A person's source of money, dependent on the ability to produce
income
Someone who makes a good or service
producer
The way goods and services are produced and consumed
Economy
The fee charged for the right to borrow money
interest
The first anti-trust act.
Sherman
The anti-trust act enacted in 1914.
Clayton
An economy where companies would compete against each other with no government involvement at all
"Free Market"
one jobs this agency carries out is to stop companies from competing unfairly
Federal Trade Commission (FTC)
prohibit monopolies and other activity that reduces competition
anti-trust laws
People who take risks to start a new business
Entrepreneur
A tax on goods from other countries
tariff
When one company controls an entire industry without any competition
monopoly
Oldest economic system; known as the barter system
Traditional Economy
Economy where both governments and private businesses are involved with goods and services
Mixed Economy
Economy where the government owns and offers all goods and services
Command Economy
Economy most goods and services are offered by private companies
Market Economy
The central bank of the United States
The Federal Reserve


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