Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

2.04 EC-015

The Private Enterprise System

QuestionAnswer
Capital Goods Manufactured or constructed items that are used to produce goods and provide services
Competition The rivalry between two or more businesses to attract scarce customer dollars
Economic Resources The human and natural resources and capital goods used to produce goods and services
Economic System The organized way in which a country handles its economic decision and solves its economic problems
Entrepreneur An individual who: invents, develops, and distributes a goods or provides a service; assumes the risks of starting and building a business; and receives personal and financial rewards for her/his efforts
Human resources People who work to produce goods or services
Market economy An economic system i which the questions of what, how, and for whom goods will be produced are answered by individual and businesses in the marketplace
Marketplace Anywhere the buying and /or selling of goods and services takes place
Mixed System An economic system in which individual s make most economic decision but some government control and ownership exist
Natural Resources Items that are found in nature and used to produce goods and services
Price-directed system A descriptive term for the American private enterprise economy because price determines what people buy, the jobs they take, the success or failure of businesses, and the products that will be produced
Private Enterprise An economic system in which individuals and groups, rather than the government, won or control the means of production; also known as free market economy, private profit system, market system, capitalistic system, or free enterprise system
Private Property Anything of value that people own
Profit Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
Profit Motive The desire to make a profit which move people to invest in business
Created by: Jairoe
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards