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Government/Economic Basics > econmic systems preppy > Flashcards

econmic systems preppy Flashcards

1
Q

Scarcity

A

limted amount of somthing

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2
Q

Human resorces

A

a person and their skills

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3
Q

Nation-state

A

County japan and south korea are examples

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4
Q

Commmunism

A

a society where everyone owns everything government distributes wealth.

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5
Q

Capitalism

A

Private buisnesses own buisness no government control

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6
Q
A
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Government/Economic Basics (2 decks)

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