Duplicate of Economics Vocabulary Review

When business owners who risk everything because they believe their business ideas will make $

In this economy, people have the most freedom to buy & sell goods & services. 

The factories, machines, technologies,buildings, and property needed by businesses to operate.

Which economic system is based off customs, traditions, and beliefs? Ex: the Aborigines

Which country has the most economic freedom to buy & sell goods and services?

Which of the following countries have little to no economic freedom? Ex: command economy

Which economic system is when the government controls production of goods/services? Ex: Cuba

The economic worth of all goods and services produced in a country? How rich/poor a country is.

Which factor of production is considered "gifts of nature"?

which country has the least economic freedom to buy and sell goods and services?

Most democratic countries have this kind of economic sysytem

A mixed economy has characteristics of both a command economy and a market economy.

Which of the following is NOT one of the three basic economic questions?

In traditional economy, trading goods and services without the use of money called...

Private business owners determine what goods/services are produced and how they will be made.

Training & skills that make it possible for workers to earn a livingproducing goods & services.

What is the root of economics? Ex: a limited supply of something