4 Economic Questions
About this set
Created by:
mward8 on January 19, 2010
Subjects:
Description:
Unit 2 4 Basic Questions every economy must answer
Classes:
Mrs. Ward's Free Enterprise Class
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Order by
4 terms
Terms | Definitions |
|---|---|
 What goods/services to produce? | Consider production possibilities and efficient use of resources |
| How should goods/services be produced? | Technology, human resources, both |
| For who are goods/services produced? | Consider distribution of income (rich v. poor) |
| How are goods/services distributed? | How is the good going to get to the consumer |
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