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8&9 dictionary By: Melvina Davis
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Command Economy Government owns what people provide
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Copyright When you create your own work that nobody can have in say that its theirs.
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Equity equal
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Market economy The inventor gets to choose who their product is for
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Minimum wage
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Mixed economy All of the economies put together Ex. Wal-Mart
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patent Ownership of an invention for a certain amount of time.
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Personal income When all the money the people In your house make
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Product Market Certain goods that are sold
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Supply curve How much an item cost at a certain amount.
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Chapter 9
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Peak The highest point
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contraction Where every things starts to rise. Ex. Rising interest rate, declining profits
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Rust belt The states in the northern Midwestern area with a lot of manufacturing.
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Frost belt States in the north with a certain job.
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Tariffs Taxes that are put on a certain good from another country.
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