A ________economy
is an economic system that provides barely enough to keep society alive. p. 34.
Term refers to an individual who risks his time and resources in the attempt to establish an economic enterprise. p. 39.
As seen in a circular flow model of a free enterprise economy, the market's two components are the ______ market and the product market. p. 43.
The "capitalism" found in the former Soviet Union would be called _____ capitalism. p. 34.
Human activity that results in the creation of goods and srvices. p. 31.
The 3 basic components of free enterprise are property rights, freedom or enterprise, and competition in a market environment, and ________ government. p. 42.
Term that refers to someone who owns producer goods or who owns a share of a business that produces goods. p. 35.
Down
A forklift used to transport imported goods within a warehouse is an example of _________. p. 34.
Used his resources wisely to make gunpowder for President Jefferson. p. 34.
2 words--the economy that allows people to make their own economic choices. p. 29.
Type of economy that is directed by customs and habits. p. 43.
Economic system, that has a system in which a centralized authority (government) controls the production, distribution, and consumption of goos. p. 29.
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It prints on two pages.
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