<p> Name: ______</p><p>Introduction to Business & Marketing Economics Study Guide (50 points)</p><p>MATCHING – Match the term with its definition. (5 points each)</p><p>Letter Term Definition 1. Economy A. All things used to produce goods and services</p><p>2. Traditional Economy B. All of the people that work in the economy</p><p>3. Resources C. Ability to start or own your own business</p><p>4. Factors of Production D. Government (usually a dictator) runs everything and the people have no input at all</p><p>5. Land E. Allocation of resources is based on habit or customs (religious practices, cultural beliefs & ideals)</p><p>6. Labor F. Government plays a limited role in the economic decisions; the people make the decisions </p><p>7. Capital G. Organized way a nation provides for the needs and wants of its people</p><p>8. Entrepreneurship H. Items required for production such as buildings, machinery, and tools</p><p>9. Command Economy I. everything on the Earth that is in its natural state</p><p>10.Market Economy J. Technical term for resources</p>