Economy - Refers to the production, distribution and consumption of goods and services in a country. , Economic Resources - Inputs that are used to create goods or provide services. , Economic System - The way a country uses the factors of production to produce and distribute goods and services., Centrally Planned (or command) Economy  - Is one where the government has a lot of control over economic resources and decision making. , Free Market (or capitalist) Economy  - Is one where private individuals control resources, own businesses and make all the decisions about what goods and services will be produced. , A Mixed Economy - Is one that combines elements of the free market and centrally planned systems . ,

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