Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the
🔄 Click to see definition
Definition1/5
It's Product Market.
🔄 Click to see term
Term1/5
What are two factors that regulate a marketplace according to Adam smith
🔄 Click to see definition
Definition1/5
Supply and demand are the 2 factors that regulate a marketplace.
🔄 Click to see term
Term1/5
What would you see in a economy in transition from central planning to free enterprise
🔄 Click to see definition
Definition1/5
nutsack
🔄 Click to see term
Term1/5
What are three economic choices every society must make
🔄 Click to see definition
Definition1/5
The three economic choices every society must make is what the
society will produce, how it will be produced, and who will get
what is produced.
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (5)
Which cost is an example of a variable cost
Sales and comssion on other categories
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the
It's Product Market.
What are two factors that regulate a marketplace according to Adam smith
Supply and demand are the 2 factors that regulate a marketplace.
What would you see in a economy in transition from central planning to free enterprise
nutsack
What are three economic choices every society must make
The three economic choices every society must make is what the
society will produce, how it will be produced, and who will get
what is produced.
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the
What are two factors that regulate a marketplace according to Adam smith
What would you see in a economy in transition from central planning to free enterprise