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Study sets matching "term:free enterprise = ..., an economy that relies chiefly on market forces to allocate goods and resources and to determine prices"

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Study sets matching "term:free enterprise = ..., an economy that relies chiefly on market forces to allocate goods and resources and to determine prices"

8 terms
Central America and Caribbean Set 3
Communism
Free Enterprise
Sanctions
embargo
a theory or system of social organization based on the holdin…
an economy that relies chiefly on market forces to allocate g…
restrictions intended to enforce international law
a government order imposing a trade barrier
Communism
a theory or system of social organization based on the holdin…
Free Enterprise
an economy that relies chiefly on market forces to allocate g…
8 terms
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
economy
market economy
mixed economy
command economy
traditional economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
market economy
An economy that relies chiefly on market forces to allocate g…
mixed economy
An economy in which private enterprise exists in combination…
8 terms
deez nuts
Market Economy
Mixed Economy
Command Economy
Traditional Economy
an economy that relies chiefly on market forces to allocate g…
an economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
economic system that relies on habit, custom, or ritual to de…
Market Economy
an economy that relies chiefly on market forces to allocate g…
Mixed Economy
an economy in which private enterprise exists in combination…
12 terms
Models of Economic Systems
Barter
Centralized planning
Consumer sovereignty
Free enterprise
To exchange goods or services without the use of money
an economic system in which the state sets production targets…
the power of consumers to decide what gets produced
an economy that relies chiefly on market forces to allocate g…
Barter
To exchange goods or services without the use of money
Centralized planning
an economic system in which the state sets production targets…
Economy Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government makes all economic…
Economic decisions are made by customs, religion, and other i…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
Econ Alive! Chapter 3
economic equity
economic system
traditional economy
command economy
The attempt to balance an economic policy so that everyone be…
The system of production and distribution and consumption
An economy in which production is based on customs and tradit…
An economic system in which the government controls a country…
economic equity
The attempt to balance an economic policy so that everyone be…
economic system
The system of production and distribution and consumption
8 terms
ubit 4 v
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
Economic decisions are made by individuals or the open market.
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
Economic decisions are made by individuals or the open market.
Mixed Economy
An economy in which private enterprise exists in combination…
9 terms
government and economic systems
Capitalism
Communism
Socialism
Free Enterprise
an economic system in which investment in and ownership of th…
a form of socialism that abolishes private ownership
an economic system based on state ownership of capital
economic system in which individuals and businesses are allow…
Capitalism
an economic system in which investment in and ownership of th…
Communism
a form of socialism that abolishes private ownership
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
3
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government makes all economic…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
Economic systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
Vocab
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
new set
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
A combination of a command and market economy
An economic system in which the government makes all economic…
Economic system that relies on habit, custom, or ritual to de…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
A combination of a command and market economy
8 terms
Economic Systems
Market Economy
Mixed Economy
Command Economy
Traditional Economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
An economic system controlled by strong, centralized governme…
Economic decisions are made by customs, religion, and other i…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
An economy in which private enterprise exists in combination…
12 terms
Industrial Revolution LGL Sample
Spinning Jenny
Command Economy
Mines Act
Water Frame
An early spinning machine with multiple spindles
An economic system in which the government controls a country…
Prevented women and children from working underground
1780's; Richard Arkwright; powered by horse or water; turned…
Spinning Jenny
An early spinning machine with multiple spindles
Command Economy
An economic system in which the government controls a country…
8 terms
Economy
mix econime
market economy
Scarcity
Economic System
a mixture of all the other econime
An economy that relies chiefly on market forces to allocate g…
A limited supply in relation to demand
Communism Capitalism
mix econime
a mixture of all the other econime
market economy
An economy that relies chiefly on market forces to allocate g…
8 terms
social studies vocab
Market Economy
Mixed Economy
command economy
Traditional economy
An economy that relies chiefly on market forces to allocate g…
A combination of a command and market economy
An economic system in which the government controls a country…
An economy in which production is based on customs and tradit…
Market Economy
An economy that relies chiefly on market forces to allocate g…
Mixed Economy
A combination of a command and market economy
8 terms
Economic Systems
market economy
command economy
free enterprise
mixed economy
an economy that relies chiefly on market forces to allocate g…
an economic system in which the government controls a country…
economic system in which individuals and businesses are allow…
a mix of all economies
market economy
an economy that relies chiefly on market forces to allocate g…
command economy
an economic system in which the government controls a country…
8 terms
Economy systems
market economy
mixed economy
command economy
traditional economy
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
system in which all central authority controls al economic de…
An economy in which production is based on customs and tradit…
market economy
An economy that relies chiefly on market forces to allocate g…
mixed economy
An economy in which private enterprise exists in combination…
12 terms
unit 3 econ
market economy
traditional economy
command
scarcity
An economy that relies chiefly on market forces to allocate g…
based on agriculture (farming) and barter (trade)
An economic system in which the government makes all economic…
Not enough
market economy
An economy that relies chiefly on market forces to allocate g…
traditional economy
based on agriculture (farming) and barter (trade)
8 terms
Levels of Economic Activities/Industries
primary
secondary
tertiary
quaternary
having to do with natural resources ex. Mining, forestry, and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
primary
having to do with natural resources ex. Mining, forestry, and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
Answering the Three Economic Questions
economic systems
factor payments
patriotism
safety net
the method used by a society to produce and distribute goods…
the income people receive for supplying factors of production…
Love of one's country; the passion that aims to serve one's c…
government programs that protect people experiencing unfavora…
economic systems
the method used by a society to produce and distribute goods…
factor payments
the income people receive for supplying factors of production…
12 terms
10-1 chapter 9 and 10
economic globalization
reparations
communism
economic depression
The interconnected nature of the economy due to trade relations
As part of the Treaty of Versailles, Germany was ordered to p…
A theory or system of social organization based on the holdin…
Period when business activity slows, prices and wages drop, a…
economic globalization
The interconnected nature of the economy due to trade relations
reparations
As part of the Treaty of Versailles, Germany was ordered to p…
6 terms
vocabulary words 4/18/16 Intro to Business
economic system
command economy
market economy
traditional economy
based on how much the government is involved in the marketplace
an economy in which production, investment, prices, and incom…
An economy that relies chiefly on market forces to allocate g…
system in which economic decisions are based on customs and b…
economic system
based on how much the government is involved in the marketplace
command economy
an economy in which production, investment, prices, and incom…
20 terms
command economy for Ward World History
command economy-
market economy-
traditional economy
mixed economy
An economic system in which the government controls a country…
an economy that relies chiefly on market forces to allocate g…
economic system that relies on habit, custom, or ritual to de…
an economic system that combines private and state enterprises
command economy-
An economic system in which the government controls a country…
market economy-
an economy that relies chiefly on market forces to allocate g…
11 terms
Foundations of Government
Mixed Economy
Traditional Economy
Market Economy
Scarcity
An economy in which private enterprise exists in combination…
An economy in which production is based on customs and tradit…
An economy that relies chiefly on market forces to allocate g…
Limited amounts of resources to meet unlimited wants
Mixed Economy
An economy in which private enterprise exists in combination…
Traditional Economy
An economy in which production is based on customs and tradit…
8 terms
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
levels of economic Activity
Primary
secondary
Tertiary
Quaternary
having to do with natural resources ex. Mining, forestry,and…
the manufacturing of Natural Resources ex.Steel Mills, automo…
service industries ex.transportation, and technology services
involves intellectual activities ex. libraries, government, s…
Primary
having to do with natural resources ex. Mining, forestry,and…
secondary
the manufacturing of Natural Resources ex.Steel Mills, automo…
8 terms
Unit 2 Chapter 4
Primary
Free Enterprise
communist Economy
Socialist Economy
having to do with natural resources ex. Mining, forestry, and…
an economy that relies chiefly on market forces to allocate g…
the managed economy of a communist state
an economic system based on state ownership of capital
Primary
having to do with natural resources ex. Mining, forestry, and…
Free Enterprise
an economy that relies chiefly on market forces to allocate g…
9 terms
Chapter 19-The American Economy: Section 3
capitalism
free enterprise
consumer sovreignty
private property rights
An economic system based on private property and free enterpr…
an economy that relies chiefly on market forces to allocate g…
the power of consumers to decide what gets produced
the concept that people have the right and privilege to contr…
capitalism
An economic system based on private property and free enterpr…
free enterprise
an economy that relies chiefly on market forces to allocate g…
11 terms
Econ CH. 1
Three Key Economic Ideas
Centrally Planned Economy
Market Economy
Mixed Economy
People are rational, respond to economic incentives, ... People…
economic system in which the central government makes all dec…
An economy that relies chiefly on market forces to allocate g…
An economy in which private enterprise exists in combination…
Three Key Economic Ideas
People are rational, respond to economic incentives, ... People…
Centrally Planned Economy
economic system in which the central government makes all dec…
20 terms
Economy
command economy-
market economy-
traditional economy
mixed economy
An economic system in which the government controls a country…
an economy that relies chiefly on market forces to allocate g…
economic system that relies on habit, custom, or ritual to de…
an economic system that combines private and state enterprises
command economy-
An economic system in which the government controls a country…
market economy-
an economy that relies chiefly on market forces to allocate g…
15 terms
Hodges: Ch 4-3
Unitary System
Federal System
Autocracy
Monarchy
System of government in which all power is invested in a cent…
A government that divides the powers of government between th…
a system of government by one person with absolute power
A government ruled by a king or queen
Unitary System
System of government in which all power is invested in a cent…
Federal System
A government that divides the powers of government between th…
12 terms
Chapter 4.5: Economic Geography
Economy
Economic System
Command Economy
Market Economy
A system in which people make, exchange and use things that h…
The way people produce and exchange goods and services.
An economic system in which the government controls a country…
An economy that relies chiefly on market forces to allocate g…
Economy
A system in which people make, exchange and use things that h…
Economic System
The way people produce and exchange goods and services.
15 terms
Central Eurasia
cold war
communism
capitalism
civil war
A conflict that was between the US and the Soviet Union. The…
A theory or system of social organization based on the holdin…
An economic system in which investment in and ownership of th…
A war between people of the same country.
cold war
A conflict that was between the US and the Soviet Union. The…
communism
A theory or system of social organization based on the holdin…
15 terms
Central Eurasia
Cold War
Communism
Capitalism
Civil War
A conflict that was between the US and the Soviet Union. The…
A theory or system of social organization based on the holdin…
An economic system based on private ownership of capital
A war between people of the same country.
Cold War
A conflict that was between the US and the Soviet Union. The…
Communism
A theory or system of social organization based on the holdin…
12 terms
Chapter 4.5: Economic Geography
Economy
Economic System
Command Economy
Market Economy
A system in which people make, exchange and use things that h…
The way people produce and exchange goods and services.
An economic system in which the government controls a country…
An economy that relies chiefly on market forces to allocate g…
Economy
A system in which people make, exchange and use things that h…
Economic System
The way people produce and exchange goods and services.
11 terms
Economy
Economy
Resources
Factors of Production
Labor
The way people use and manage resources
all things used in producing goods and services
Land, Labor, Capital, Entrepreneurship
Human effort directed toward producing goods and services
Economy
The way people use and manage resources
Resources
all things used in producing goods and services
20 terms
command economy
command economy-
market economy-
traditional economy
mixed economy
An economic system in which the government controls a country…
an economy that relies chiefly on market forces to allocate g…
economic system that relies on habit, custom, or ritual to de…
an economic system that combines private and state enterprises
command economy-
An economic system in which the government controls a country…
market economy-
an economy that relies chiefly on market forces to allocate g…
13 terms
Economics Vocabulary 1b WCHS
Capitalism
Centrally planned ecomony
Circular flow model
Communism
An economic system based on private property and free enterpr…
An economy in which the government decides how economic resou…
A figure that describes the flow of resources, products, inco…
A political system characterized by a centrally planned econo…
Capitalism
An economic system based on private property and free enterpr…
Centrally planned ecomony
An economy in which the government decides how economic resou…
12 terms
Unit 1 Review
scarcity
opportunity cost
Factors of production
specialization
Lack of resources
Whatever must be given up to obtain some item
Land, Labor, Capital, Entrepreneurship
A process in which different individuals and units perform di…
scarcity
Lack of resources
opportunity cost
Whatever must be given up to obtain some item
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