What is a community of people living in a particular region and having shared customs, laws, and organizations?
What is exchange (goods or services) for other goods or services without using money?
In which economy is most of the economic decisions are made based on customs and the habit of how such decisions were made in the past?
Which economy is located on a continuum between a pure market and a pure command economy?
Which economy is one in which society’s economic decisions are made by individuals?
In which economy does govement planning groups make most of the basic economic decisions?
A type of trade barrier in which the govement liimits the amount of goods that can be brought in from another country.
A trade barrier in which the govement does not allow any trade to happen.