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Civics

Busneses, Production, and Economies

TermDefinition
What 3 questions must all business/economic systems should you ask before producing goods/services? What should we produce? How will we produce it? FOr whom are we producing it?
Which economic system is most common today Mixed economy
what type of economy does US have? Mixed economy
Mixed Economy Individual and businesses own property & resources making profit is otive to sell Govt and businesses work together can buy/sell most things except what govt deems illegal combination of free market and command most common economic system US/UK/Cana
Created by: hchosmith
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