Match the word with the correct definition. 30 PTS.

having one main way to make money

resources like money, machines, factories and tools that are used to make other products

economy that has some combination of a pure command economy and a pure market economy


a trade barrier in which a government charges a fee (tax) to import certain products

Percentage of population aged 15 years and over who can both read and write with understanding a short simple statement on his/her everyday life.

economic system where the government decides the answers to the basic economic questions


raw materials that can be used to support life or made into other products: can be renewable (trees, water) or non-renewable (oil, minerals)


having many different ways to make money

an economic system in which social roles and culture decides the answer to the basic economic questions

people who take risks to bring resources and know how together to produce goods and services for a profit


knowledge and skills that allow workers to produce goods and services to earn income.

Ok now these are the things to match the words with,

1.
traditional economy

2.
mixed economy

3.
human capital

4.
literacy rate

5.
tariff

6.
specialization

7.
natural resources

8.
diversification

9.
command economy

10.
capital resources

11.
entrepreneur(ship)