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☆☆☆☆☆Cards in this guide (10)
Which of these is sometimes included as a fourth factor of production
intellectual capital
Which factors of production are used by a landscaping service to provide economic value
labor, capital, and natural resources
What dictates which goods and services producers should or should not create
Consumer choices
Who provided most charity services to the public in ancient times
churches
What is money called when it is accepted for goods and services
A medium of exchange
What does it mean for the economy to become more globalized
ongoing increases in trade between nations
According to the law of diminishing returns what will happen if you overuse a factor of production
It will not be as efficient as before. A+
What is Considered one of the primary factors of production plus
Entrepreneurship
Which of these describes the Gross Domestic Product
GDP is the market value of all final goods and services produced within a country's borders in a given year.
Which of the following is another term for a market economy
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
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