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Greshams law. components within a major economy and how the choices made by individuals, households, and businesses affect that economy. Who is one who borrows money or capital? Click the card to flip 👆. macroeconomics deals with how the government decides what should go on in an economy the value of all finished goods and services produced within a country during a year's time. Some economists list as a 5th factor of production. Definition. The private sector is controlled by national, state, and local governments. Study with Quizlet and memorize flashcards containing terms like specie, debased, Gresham's Law and more. The theory that reduction of taxes makes more money available for private investment in capital and research. du Pont, traditional economy Barter. 83 of 83. distribution. 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