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What is the best definition of economic communism?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
Scarcity is
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
a
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
What is considered the most effective solution to scarcity?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
What does the term command economy refer to?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
Which of the following is NOT an economic system?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
Which question is MOST LIKELY a fundamental economic question?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
What is economics?
Capitalism
Who will get the goods and services produced?
The condition that exists when wants exceed resources available to satisfy wants.
Autocracy
An economic system where wealth is equally distributed among citizens
Encouragement of technological advancement
How people and businesses spend and make money.
An economy where production, prices, and incomes are determined centrally by a government
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