Economics

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

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

This is the type of economic system America has:

An example of physical capital is:

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

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

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

The Amish and Inuit are examples of

This economic system is associated with Communism.

This factor of production includes natural resources:

This is a basic requirement for survival

____ is a means of expressing need.

An example of human capital:

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