Free Market Economy
The reason Producers make goods
What is Money?
What is Sell High?
Define Traditional Economy.
What is historically the most common Economy?
What is the main Economic Efficiency Goals
What is to make as many people satisfied as possible?
Sole Proprietorship is what.
What is one person owns the business?
Something classified as skilled or unskilled.
What are Laborers?
Business producers on Capital and Land, True or False.
What is True?
Define Bartering
What is find items of mating value?
What group of people have Economic freedoms.
What is Customers and Businesses?
What is a partnership business.
What is business owned by more than one person?
The people that invest their own money on certain goods and services.
What are Customers?
When a Product Possibilities Curve moves right.
What is Business improves?
Define Command Economy.
What is Totalitarianism?
What group of people have the freedom to leave the market at will.
What is Customers and Businesses?
A Corporation is what.
What is a publicly traded company?
The two categories of things Producers can offer.
What are Goods and Services?
You can only do one thing at one time.
What is Trade Off?
Define Free Market.
What is Democracies have free Market?
What economic system protects the rights of private property.
What is Democracy?
What is a privately run business which is publically owned?
What does a Free Market Economy offer Freedom of
What is to buy, sell and produce
How profit is made.
What is Income minus Expenses?
The simplistic form of Trade.
What is Bartering?
What are some of the freedoms Customers and Businesses have.
What is Innovation, protection of private property, and enter and leave the market at will?
Final incentive of profit in business organizations is what.
What is profit equals sales minus expenses?