The system of how a country makes, uses, and shares money, goods, and services
Economy
An organization or activity where people make or sell goods or services to earn money
Business
The amount of a product that is available to sell
Supply
The amount of a product that people want to buy
Demand
Money that people and businesses pay to the government
Tax
A message on TV, internet or posters that tries to persuade people to buy something
Advertisement
A person who buys and uses goods or services
Consumer
A person or company that makes goods or provides services
Producer
The group of people who run a country and make laws and decisions
Government
A place or system where goods and services are bought and sold
Product Market
A place or system where workers find jobs and employers find workers
Labour Market
An economy where prices and choices are mostly decided by buyers and sellers, not the government
Free market
An economy where the government makes most decisions about what to produce and sell
Command Economy
