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In a traditional economy, information about the ways goods are produced is passed from one generation to the next by
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
Demand refers to
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
A more developed nation will have all of the following except
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
Economic development refers to
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
An essential characteristic of a communist economy is the
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
Globalization is
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
Which is a central characteristic of a free market economy?
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
In a less developed nation you will find mostly
family
the creation of a single global economy and community
a low GDP per Capita
how advanced an economy is
how much consumers are willing to buy
subsistence agriculture
government ownership of property
businesses are driven by the desire for profits
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