Econ Flashcards
the way a country answers these question determines what kind of economic system it will have.
Traditional Economy
the way a country answers these question determines what kind of economic system it will have.
command Economy
the a country answers these question determines what kind of economic system it will have.
Market Economy
An economic system combining private and public enterprise.
Mixed Economy
The limited supply of something because of this.
Scarcity
The exchange of goods is done through bartering.
Bartering
free enterprise helps makes these decisions.
Free Enterprise
they have private owners
Capitalism
they do transportation.
Socialism
where something is located.
Supply/Demand
a person who knows supplying skills or knowledge to help an organization achieve its business goals.
Human Resources
