1. command economy
2. free market economy
3. price
4. standard of living
5. wage
economy where goods, services,
and resources are distributed by price
economy where goods, services,
and resources are distributed by the
government
level of comfort that people feel
when goods and services are available
to them
amount that a person earns for
working expressed in a unit of time, like
$9 an hour
monetary cost of an item