Create an account
a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
an economic system in which the government owns the basic means of production and decides how resources should be used
a characteristic of socialism in which the central government takes over certain industries such as transportation and steel
an economy in which buyers and sellers decide what to make, how much to make, and for whom
a system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom
a person who organizes the other factors of production in order to produce goods and services and risks capital to run and own a business
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together