This resource is used to produce goods and services such as buildings, materials, and equipment
Which economic systems is controlled by the government only
The United States has a combination of market and command which ecomony is this
This resources is found in nature that are uded toproduce goods
If an individual is willing to consume more of a product or service if the price is
When the price is high the demand is what
When the price is low what happens to the demand
Which economy is based on customs. Which is based on traditions
What is the primary goal of an economic system?
Shortage of resources means
In a free market who determine the demand of a product
The point at which the supply and demand curve meet
What does the supply and demand graph shows
Which economy guarantees equal standard of living for everyone
Thiseconomy is controlled by the government and marketplace
The study of how individuals and socieites seek to satisfy need and wants
When the price is above the equilibrium price, fewer people are willing to buy if the price is
When the price is below the equilibrium price many people are willing to buy a lot of the product if the price is
Who competes to make a profit
Which one does not use technology
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