Economics

This is a basic requirement for survival

____ is a means of expressing need.

This is what is given up when a choice is made in an economic system:

A disadvantage for this economic system is that it is very easy for businesses to fail

An example of physical capital is:

This factor of production includes natural resources:

This economic system is associated with Communism.

This is the principle that resources in an economic system are limited:

This is the type of economic system America has:

This economic system focuses on community and customs on beliefs rather than profits

Market economies have more __ among goods/services, providing freedom of choice for consumers

The Amish and Inuit are examples of

An example of human capital:

This factor of production includes the tools and people used for production: