Economic Systems formative

a form of business organization with two or more owners who share the risks and the profits

• coop

• corporation

• partnership

• proprietorship

Tags

CE.12c

Containing elements of more than one system

• command

• market

• mixed

• traditional

Tags

CE.11b

Centrally planned economy—Government tells you what to make

• command

• market

• mixed

• traditional

Tags

CE.11b

a form of business organization that is authorized by law to act as a legal entity regardless of the number of owners

• Coop

• Corporation

• Partnership

• Proprietorship

Tags

CE.12c

how much will be produced at a given price

• consumption

• demand

• supply

• want

Tags

CE.11a

basic requirements for human life (food, clothing, shelter)

• consumption

• demand

• needs

• supply

Tags

CE.11a

how much will be consumed at a given price

• consumption

• demand

• needs

• supply

Tags

CE.11a

Economic questions answered according to custom & tradition

• command

• market

• mixed

• traditional

Tags

CE.11b

Motivated by profit and competition, consumer sovereignty

• command

• market

• mixed

• traditional

Tags

CE.11b

using goods or services

• consumption

• demand

• supply

• want

Tags

CE.11a