Economics

This factor of production includes natural resources:

This is a basic requirement for survival

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

The Amish and Inuit are examples of

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

This economic system is associated with Communism.

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

____ is a means of expressing need.

An example of physical capital is:

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

An example of human capital:

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

This is the type of economic system America has: