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)