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What is the best definition of capitalism?
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
Economics is the study of how
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
What is considered the most effective solution to scarcity?
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
Which of the following is NOT an economic system?
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
a
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
What is economics?
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
Which question is MOST LIKELY a fundamental economic question?
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
Some examples of Scarcity are
Encouragement of technological advancement
How people and businesses spend and make money.
Capitalism
Autocracy
lack of food, lack of human resources, lack of natural resources, lack of industrial resources, lack of housing/shelter.
Who will get the goods and services produced?
limited resources are used to satisfy unlimited wants and needs
The private ownership of economic resources by individuals rather than by the government.
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