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what is Economics
About this Free Flashcard Deck
Last update by
Janessa
on 06/15/2012
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what is Economics
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Flashcard Deck Tags
Economics
,
what is Economics
Flashcard Review
20
4 Traits of Capitalism (Adam Smith)
21
Communism (Karl Marx)
22
Six characteristics of a U.S. Economic ...
23
Two main forces of capitalism:
24
Five national goals for a market economy
25
Two factors contributing to U.S. ...
26
Three benefits of a free enterprise ...
27
Three economic rights of an american:
28
Three economic responsibilities as an ...
29
Material wealth of an individual
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Free Flashcard From what is Economics
Question:
4 Traits of Capitalism (Adam Smith)
Answer:
-Private ownership of resources -Competition between buyers and sellers -Price determined by supply and demand -Profit incentive for production