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Ch 2
n/a
17
Economics
12th Grade
08/18/2013
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Term
Economic System
 Definition
Term
Free Market Economy
 Definition
Term
Command Economy
 Definition
Term
Mixed Economy
 Definition
Term
Traditional Economy
 Definition
Term
Transitional / Developing Economy
 Definition
Term
Adam Smith
 Definition
Term
Karl Marx
 Definition
Term
PPF
 Definition
Term
Law of Increasing Opportunity Costs
 Definition
Term
Economic Growth
 Definition
Term
Absolute Advantage
 Definition
Term
Comparative Advantage
 Definition
Term
Specialization
 Definition
Term
Division of Labor
 Definition
Term
Barter
 Definition
Term
Money
 Definition
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