Chapter 2
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| show | anything made by man that is used to produce goods and services.
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| land | show 🗑
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| labour | show 🗑
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| show | the factor of production that takes the initiative in organizing land, labor and capital that bears the risk involved in production.
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| show | an economy that controlls and directs all economic activity (also called a command economy)eg.cuba
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| show | an economy where private enterprises and state enterprises both exist and where the government exersices a certain amount of activity. eg.Ireland
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| show | an economy where activity is undertaken by companies and individuals who are free to operate without undue government interference.(also called a free market economy). eg. united states of America.
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| depreciation | show 🗑
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| factors of production | show 🗑
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| fixed capital | show 🗑
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| gross investment | show 🗑
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| net investment | show 🗑
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| non-renewable resources | show 🗑
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| show | natural resources that's supply can be replenished.
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| show | capital owned by society in general.
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| working capital | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
jmartineconomics
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