Inputs - The specific economic resources used in producing goods and services, Negative Incentive - A penalty that discourages a behavior, Outputs - The products and/or services that an organization produces, Positive Incentive - A reward or other enticement that encourages a behavior, Wants - Desires that can be satisfied by consuming a good or service, Needs - Basic requirements for human survival, Command Economy - An economic system in which the government controls a country's economy, Free Market Economy - An economic system in which resources are primarily owned and controlled by the private sector, Mixed Economy - Market-based economic system with limited government involvement, Traditional Economy - An economy consisting of mostly subsistence agriculture,

Economics Balloon Pop

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