click below
click below
Normal Size Small Size show me how
BE 2.03 Economic Sys
ystems-Economic Systems
| Term | Definition |
|---|---|
| Capital goods | Manufactured or constructed items that are used to produce goods and services |
| Central planning | Detailed economic processes and goals developed government; usually associated with communist economies |
| Command economy | An economic system in which all or many of the means of production and distribution are owned and controlled by the government |