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Stack #4645578

QuestionAnswer
Capital Goods Manufactured or constructed items that are used to produce goods and provide services.
Competition The rivalry between two or more businesses to attract scarce customer dollars.
Economic Resources The human and natural resources and capital goods used to produce goods and services.
Economic system The organized way in which country handles its economic decisions and solves its economic problems.
Entrepreneur AN individual who invents , develops and distributes a good or provides a service.
Human Resources People who work to produce goods or services.
Market Economy An economic system in which the questions of what how and whom goods will be produced.
Market Place Anywhere the buying and or selling of good and services takes place.
Mixed systems An economic system in which individual make most economic decisions but some government control and ownership exist.
Natural resources Items that are found in nature and used to produce goods.
Price directed system
Created by: user-2018104
 

 



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