| capital resources | | an investment made by business |
| entrepreneurship | | a business person who buys from producers and sells to retailers |
| macroeconomics | | the ability of consumers to decide what g & s are produced |
| trade-off | | the total value of the goods and services produced by a nation's economy in a year. |
| competitor | | the economic ends that a nation strives for. |
| free enterprise | | a large agricultural organization that contains many villages, owns land, buildings, animals and equipment. |
| capitalism | | the desire of businesses to earn the largest profit possible from selling g&s |
| means of production | | growth |
| proletariat | | another word for capitalism. |
| class struggle | | a society in which the means of production are privately owned. |
| five-year plan | | the objects used to make goods and services |
| exploit | | the different aspects that unable goods and services to be produced. |
| Gosplan | | the selling of a gov. operated business to private individuals |
| quota | | targets |
| commune | | to take advantage of someone |
| privatize | | just competition |
| profit motive | | people of the working class |
| competition | | struggle of class |
| consumer sovereignty | | an economic system that combines government ownership and private ownership. |
| rule of law | | studies of national economics |
| retailer | | two or more individuals or businesses trying to grow and prosper in the same firm. |
| whole saler | | the concept that no individual is above the law and that contracts are enforceable by law |
| mixed market economy | | the quality of life that a nation or community or society is accustomed to. |
| gross domestic products GDP | | process of brining three things together |
| business investment | | the state planning commission of the former soviet union |
| standard of living | | the seller of the final product to the consumer. |
| economic goals | | what how and by whom something should be produced over a 5 year period in the soviet union. |
| growth | | a choice between to things, by trading off a certain service/good and another. |