Enterprise + Profit Word Scramble
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| Term | Definition |
| 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. |
Created by:
jmartineconomics
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