Mr. Munoz Economics Vocab Quiz

This economic system blends multiple systems and falls in the middle of the economic continuum

This economic system allows buisness owners to compete in a market within a limited government.

Which of the following factors of producton includes the human workers used to run a buisness?

An economic system where all decisions are made by the leaders of the government.

This economic system is determined by the culture and social rules of an area.

The total value of the goods and services that a country produces each year is called

Resources invested in to maintain or improve the quality of the buisness being offered.

Capital Resources, Natural Resources, Human Resources, and Entreprenuers are considered to be

This is the name for a person who makes the investment to start a business.

The raw material used to make goods is known as