Econ
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| show | based on a society's values, its customs and tradition.
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| command economy | show 🗑
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| show | individuals answer the basic quetion economic question
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| market | show 🗑
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| show | the impulse that encourages people to fulfill their needs and wants
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| incentive | show 🗑
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| show | a combination of elements of tradional, market, and command economic models to answer basic question
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| show | an economic system which government owns or controls all factors of production
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| communism | show 🗑
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| show | individuals iwn the factors of production and answer the questions
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| show | the gov't owns some of the factors of production
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Created by:
aleelandero
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