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History 2,2 Quiz

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Scarcity   the lack of resources or limited resources  
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Supply   the amount of goods or services  
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Demand   the amount a consumer wants to buy  
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Capital   money and goods used to help people make or do thinks  
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Entrepreneurship   the act of running a business and taking on the risks of that business  
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Market Economy   each person or individual make choices about what make, sell, or buy  
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Command Economy   a central government decides what goods will be made and who will receive them.  
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Mixed Economy   the government has some control over what and how much is made  
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Traditional Economy   is based on a custom  
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Technology   is using knowledge in a practical way to accomplish a task  
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Free Market   when individuals have control over what he or she buys or sells.  
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Created by: dontae.s
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