Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
Economy Economics Market economy Invisible hand Microeconomics Market failure Recession Macroeconomics Economic growth | the social science that studies the production, distribution, and consumption of goods and services. a system for coordinating society’s productive activities. a downturn in the economy. a phrase used by Adam Smith to refer to the way in which an individual’s pursuit of self- the branch of economics that studies how people make decisions and how those decisions interact. the growing ability of the economy to produce goods and services. the failure of a market to be efficient. an economy in which decisions about production and consumption are made by individual producers and consumers. the branch of economics that is concerned with the overall ups and downs in the economy. |