there is a limited amount of natural resources
people make and use goods and services
people consume, or use, goods and services
people grow, make, and trade products
people learn their job from their parents and grandparents
have existed for thousands of years
people grow their own food
people work in the fields
people exchange products locally, at small markets
there is little pollution
work in the fields is very difficult
sometimes there are no hospitals, dentists, or doctors nearby
sometimes there is no electricity
MARKET OR CAPITALISM ECONOMY
the goal is for businesses to make profit
individuals, businesses, and the government own the land
people pay taxes to the government
people buy things in stores and online
there are small, medium, and very big businesses
there are very big businesses, called corporations
people use credit cards to buy products
people work for pay, a paycheck, or salary
corporations sometimes pollute
large amounts of natural resources are extracted from the earth
small farms are replaced with huge farms that grow one crop
