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Econ Systems Vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show Producing and distributing goods in an economy  
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Capitalism   show
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Capitalist   show
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show Person who invests in something that will either gain or loose money  
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show Freedom of a private business to compete for profit  
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Voluntary Exchange   show
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show The right of ownership  
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Profit   show
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Profit Motive   show
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show Rivalry among businesses  
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show Consumers determine the production of goods  
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show Increase in price and fall in money value  
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Fixed income   show
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Created by: smagill2
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