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Description
Flashcards by raquelmone, updated more than 1 year ago
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Created by raquelmone
over 8 years ago
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| Question | Answer |
| what is economics | the study of the production , distribution ,and the use of goods and services. |
| what is an entrepreneur? | a person who takes risk to start a business |
| what type of economy is based on elements of traditional , command , and market economies? | a mixed economy |
| what happens in a pure market economy? | the government plays no role |
| the economy that is based on customs and traditions is called ---------- . | traditional economy |
| what occurs in a command economy? |
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