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chapter 2 Fill In The Blanks

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In each blank, try to type in the word that is missing. If you've typed in the correct word, the blank will turn green.

If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed.

When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on.
Term: economyDefinition: an economy in which production is based on and tradition
Term: economyDefinition: an economy in which a central gov. authority makes all basic economic decisions and controls the of production
Term: market Definition: an economy in which the gov. has say in what how and for whom goods are produced and stacked on shelves conomy
Term: Definition: the free exchange of goods and services; also called a place
Term: self-interestDefinition: the impulse that people to fulfill their needs and wants
Term: incentiveDefinition: that encourages an action or effort.
Term: mixed Definition: traditional, , and command combined
Term: socialismDefinition: an economic in which the gov. owns or controls nearly all factors of production
Term: Definition: gov. owns or everything
Term: capitalismDefinition: individuals own and production
Term: socialismDefinition: an system demo socialism
Term: free Definition: free in one enterprise
Term: propertyDefinition: property owned legally by
Term: Definition: an made between producer and consumer
Term: Definition: a different brand who a simialir product as another
Term: exchangeDefinition: made by a volunteer
Term: product Definition: a market that low and sells higher
Term: marketDefinition: a market that sells resources to to make their products
Term: incomeDefinition: money that one is earned from their
Term: full Definition: the lowest of unemployment
Term: price Definition: when stay constant
Term: standard of Definition: peoples stability of living
 
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Created by: Robert415
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