Industry
Car brand making cars.
Secondary
People who use skills and effort to produce goods.
Human/Labor Resources
Which economic system is based on customs, bartering, and family roles?
Traditional
What is the definition of economics.
The study of how people use resources to meet their needs and wants.
A factory worker making furniture
Secondary
The tools, machines, and money used to make goods
Capital resources
In which economic system does the government control all resources?
Command
What is the definition of scarcity?
When their are not enough resources to meet demand.
A scientist or researcher
Quaternary
The materials found in nature used to produce goods
Natural resources
Which government is driven by supply and demand?
Market
What is the definition of natural resources?
Resources used to make goods and services
A wheat farmer or miner
Primary
The person who organizes the other factors to start a business
Entrepreneur
Which economic system has a mix of freedom and religion?
Mixed
What is the definition of entrepreneur.
Peson who creates a business
A teacher, nurse, or waiter
Tertiary
People who produce goods and services.
Labor/Human resources.
What is an example of Market.
Hong Kong.
What is an consumer.
Someone who who buys goods or services.