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Short answer 5
Economy Matching:
-free entreprice
-socialism
-mixed economi
''Which economy is describing''
final section of unit 1 time bonus
12 vocabulary of the 3 chapters
Scarcity- when there are no resources to satisfy our wants. people's wants>resources
Check quizlet for vocab.
consequences of scarcity---competition
economics definition
incentive
goods and services , resources, land renewable-nonrenewable-capital physical,human-entrepreneurship - labor - tangable services and intangible
3 economic questions to identify economic system--define an economic system. 4
mixed economy- has elements of both and it is not a mayor because it has elements of both AND it could look so many different ways it can look as socialism or free enterprise.
Globalization
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