Have an account?
The type of government that has total control over the people and the police use power by force is called what?
Which type of economy has central ownership, the government, and lack of individual choice?
Who invented communism?
Capitalism is in what type of economy?
This means that the government should not interfere in the marketplace.
When customers and business owners exchange products and money, because it will help them both in some way.
volunteering to help someone for free
The amount of money a business makes after its expenses are paid
Focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively.
Competition and profit motive are important characteristics of a:
A economist who introduced the steady increase of the supply of money within growing economies.
John Maynard Keynes
The development of a worldwide economy where resources flow fairly freely across borders.
Privatization refers to ....
Transfer of assets from people to government
Transfer of assets from public to private organizations
Transfer of assets from corporate to public
Transfer of assets from corporate to government
Buyers choose what items are produced based on their spending habits
Factors of Production
Cost / Benefit Analysis