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First Year Business > 1.4 > Flashcards

1.4 Flashcards

1
Q

Economics

A

Production, distribution and consumption of goods and services

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2
Q

Capitalism

A

Owned and operated w/ little gov interference

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3
Q

Socialism

A

Gov. Regulated industries

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4
Q

Mixed market

A

Both market and gov. allocate resources

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5
Q

Resources

A

Land, natural resources, labor,Capital, entrepreneurship

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First Year Business (17 decks)

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