American Enterprise Day
by: Morgan Wilson
What type of economy do we have in the United States?
Mixed:
- Socialist
- Command
- Market
What is the law of supply and demand?
The effect that the availability and desire for a product has on the price of an object
What is Capitalism?
the system in an economy where investment and ownership of the means of production, distribution, and exchange of wealth is made and maintained by individuals or corporations.
What are other forms of economy world-wide?
- Market
- Planned
- Mixed
60 Second Adventures in Economics (combined)
60 Second Adventures in Economics (combined)