indicators		the type of economy where things are done the way they have always been done.
standardofliving		all the workers in an economic system; one of the 4 factors of production
supply		the value in dollars of al lthe goods and services produced in a year
depression		an economic ailment where the money supply increases faster than production, causing prices to rise higher than wages
disposableincome		the period when economic conditions start to improve
entrepreneurs		making goods and services
recovery		the kindsof goods and services that consumers want, need and can afford
services		the goods and services people are willing to buy
labor		the money needed to produce goods and services; one of the 4 factors of production
goods		materials provided by nature; one of the 4 factors of production
capital		term that means there are not enough goods and services for everyone
market		person who buys and uses goods and services
demand		the amount of a product a porducer makes available the market
economics		a serious economic ailment where a sharp decline in production causes a sharp increase in unemployment
production		things that satisfy our needs and wants
GNP		economic data that reveals how the economy is performing
inflation		the study of the ways in which the people of a society make a living
scarcity		and economic system where the government makes all the major decisions
recession		type of economic system also known as a free enterprise system
traditional		money left after taxes that can be spent
naturalresources		an economic ailment where a slowdown in business activity causes a rise in unemployment
consumer		non-tangible goods
command		people who start up new businesses and assume the risk