Enterprise + Profit Matching
| Risks faced by the entrepreneur that he/she can insure against. |
| Centrally planned economy |
| An economy where the state controls and directs economic activity. |
| An economy that has both privately owned and state-owned enterprises and has a certain amount of state regulation of business. |
| The person who supplies the factors of production enterprise. |
| The reward to the entrepreneur for supplying the factor of production enterprise. |
| An economy where economic activity is undertaken bh companies and individuals who are free to operate without undue government interference. |
| Risks faced by the entrepreneur that he/she cannot insure against. |
| The factor of production that takes the initiative in organizing land,labor and capital, and that bears the risk in involved in production. |
| Risks faced by the entrepreneur that he/she can insure against. |
| Centrally planned economy |
| An economy where the state controls and directs economic activity. |
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