What are the four main economic systems?

Sacrificing one good or service to produce another good or service is what?

Market economy bases every desicion off of what?

All economic decisions in a command economy are decided by whom?

Mixed Economy decisions are based off of who?

Second Alternative is what?

What productive resource is the quantity and quality of human effort to produce goods and services.?

Trade is necessary in an economic system.

What productive resource is a characteristic of individuals who assume the risk of organizing productive resources?

Each Economic systems answers the following questions: What, How, and Why we produce goods.

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