Chapter 21
Help!
|
|
||||
|---|---|---|---|---|---|
| Centrally planned economy | An economy where the state controls and directs economic activity.
🗑
|
||||
| Enterprise | The factor of production that takes the initiative in organizing land,labor and capital, and that bears the risk in involved in production.
🗑
|
||||
| Entrepreneur | The person who supplies the factors of production enterprise.
🗑
|
||||
| Insurable risks | Risks faced by the entrepreneur that he/she can insure against.
🗑
|
||||
| Non-insurable | Risks faced by the entrepreneur that he/she cannot insure against.
🗑
|
||||
| Profit | The reward to the entrepreneur for supplying the factor of production enterprise.
🗑
|
||||
| Mixed Economy | An economy that has both privately owned and state-owned enterprises and has a certain amount of state regulation of business.
🗑
|
||||
| Free-market economy | An economy where economic activity is undertaken bh companies and individuals who are free to operate without undue government interference.
🗑
|
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.
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
Normal Size Small Size show me how
Created by:
jmartineconomics
Popular Economics sets